Late fee for belated filing of returns/ Annual Financial Information Statement/ Annual Installed Capacity Statement [Sub-rule (6)]:

Where any return or Annual Financial Information Statement or Annual Installed Capacity Statement referred to in this rule is submitted by the assessee after due date as specified for every return or statements, the assessee shall pay to the credit of the Central Government, an amount calculated at the rate `100 per day subject to a maximum of `20,000 for the period of delay in submission of each such return or statement.