PENALTIES - Income Tax Bill, 2025

Chapter: XXI
PENALTIES
Clause 439	:	Penalty for under-reporting and misreporting of income. Clause 439 of the Bill seeks to impose penalty for under-reporting and mis-reporting of income.....
Clause 440	:	Immunity from imposition of penalty, etc. Clause 440 of the Bill deals with the conditions and circumstances under which immunity from imposition of penalty and initia....
Clause 441	:	Failure to keep, maintain or retain books of account, documents, etc. Clause 441 of the Bill seeks to impose penalty for failure to keep, maintain or retain books of account, documents, etc.....
Clause 442	:	Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions. Clause 442 of the Bill seeks to impose penalty for failure to keep and maintain information and document, etc., in respect of....
Clause 443	:	Penalty in respect of certain income. Clause 443 of the Bill seeks to provide for imposition of penalty, if the income which includes any cash credits, unexplained....
Clause 444	:	Penalty for false entry, etc., in books of account. Clause 444 of the Bill seeks to impose penalty for false entry or omitted entry in the books of account.....
Clause 445	:	Benefits to related persons. Clause 445 of the Bill seeks to impose penalty for violation of certain provisions by specified persons.....
Clause 446	:	Failure to get accounts audited. Clause 446 of the Bill seeks to provide for imposition of penalty for failure to get accounts audited.....
Clause 447	:	Penalty for failure to furnish report under section 172. Clause 447 of the Bill seeks to provide for imposition of penalty for failure to furnish a report from an accountant as requi....
Clause 448	:	Penalty for failure to deduct tax at source. Clause 448 of the Bill seeks to provide for imposition of penalty for failure to deduct tax at source.....
Clause 449	:	Penalty for failure to collect tax at source. Clause 449 of the Bill seeks to provide for imposition of penalty for failure to collect tax at source.....
Clause 450	:	Penalty for failure to comply with provisions of section 185. Clause 450 of the Bill provides for imposition of penalty if a person takes or accepts any loan or deposit or specified sum i....
Clause 451	:	Penalty for failure to comply with provisions of section 186. Clause 451 of the Bill provides for imposition of penalty for failure to comply with the provisions of clause 186.....
Clause 452	:	Penalty for failure to comply with provisions of section 187. Clause 452 of the Bill provides for imposition of penalty for failure to comply with the provisions of clause 187.....
Clause 453	:	Penalty for failure to comply with provisions of section 188. Clause 453 of the Bill provides for imposition of penalty for failure to comply with the provision of clause 188.....
Clause 454	:	Penalty for failure to furnish statement of financial transaction or reportable account. Clause 454 of the Bill seeks to provide for imposition of penalty for failure to furnish statement of financial transaction o....
Clause 455	:	Penalty for furnishing inaccurate statement of financial transaction or reportable account. Clause 455 of the Bill seeks to provide for imposition of penalty for furnishing inaccurate statement of financial transactio....
Clause 456	:	Penalty for failure to furnish statement or information or document by an eligible investment fund. Clause 456 of the Bill seeks to provide for imposition of penalty for failure to furnish statement or information or document....
Clause 457	:	Penalty for failure to furnish information or document under section 171. Clause 457 of the Bill seeks to provide for imposition of penalty for failure to furnish statement or information or document....
Clause 458	:	Penalty for failure to furnish information or document under section 506. Clause 458 of the Bill seeks to provide for imposition of penalty for failure to furnish information or document under clause....
Clause 459	:	Penalty for failure to furnish report or for furnishing inaccurate report under section 511. Clause 459 of the Bill seeks to provide for imposition of penalty for failure to furnish report or for furnishing inaccurate ....
Clause 460	:	Penalty for failure to submit statement under section 505. Clause 460 of the Bill seeks to provide for imposition of penalty for failure to submit statement under clause 505.....
Clause 461	:	Penalty for failure to furnish statements, etc. Clause 461 of the Bill seeks to provide for imposition of penalty for failure to submit statement as required under clause 39....
Clause 462	:	Penalty for failure to furnish information or furnishing inaccurate information under section 397 (3)(d). Clause 462 of the Bill seeks to provide for imposition of penalty for failure to furnish information or furnishing inaccurate....
Clause 463	:	Penalty for furnishing incorrect information in reports or certificates. Clause 463 of the Bill seeks to provide for imposition of penalty for furnishing incorrect information in reports or certific....
Clause 464	:	Penalty for failure to furnish statements, etc. Clause 464 of the Bill seeks to provide for imposition of penalty for failure to furnish statements by certain institutions o....
Clause 465	:	Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. Clause 465 of the Bill seeks to provide for imposition of penalty for failure to answer questions, sign statements, furnish i....
Clause 466	:	Penalty for failure to comply with the provisions of section 254. Clause 466 of the Bill seeks to provide for imposition of penalty for failure to comply with the provisions of clause 254.....
Clause 467	:	Penalty for failure to comply with the provisions of section 262. Clause 467 of the Bill seeks to provide for imposition of penalty for failure to comply with the provisions of clause 262.....
Clause 468	:	Penalty for failure to comply with the provisions of section 397(1). Clause 468 of the Bill seeks to provide for imposition of penalty for failure to comply with the provisions of clause 397(1).....
Clause 469	:	Power to reduce or waive penalty, etc., in certain cases. Clause 469 of the Bill seeks to provide for power to reduce or waive penalty, etc., in certain cases.....
Clause 470	:	Penalty not to be imposed in certain cases. Clause 470 of the Bill seeks to provide that penalty in certain cases shall not be imposed for reasonable cause.....
Clause 471	:	Procedure. Clause 471 of the Bill seeks to provide for the procedure for levy of penalty.....
Clause 472	:	Bar of limitation for imposing penalties. Clause 472 of the Bill provides for bar of limitation for imposing penalty.....