<s>[INST] Is there any remedy available under the act, if a person does not file the statement within the prescribed time? [/INST] ​​​​​​ ​Sectio​n ​285BA(5) empower the tax authorities to issue a notice to the person who had not filed the statement within prescribed time. In such a case, the tax authorities may serve upon such person a notice requiring him to furnish the statement within a period not exceeding 30 days from the date of service of such notice and in such a case the person shall furnish the statement within the time as specified in the notice.​ </s>