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Section 271F – Income Tax Act, 1961

Income Tax Act, 1961

 

 

Section 271F. PENALTY FOR FAILURE TO FURNISH RETURN OF INCOME.

 

 

If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139, fails to furnish such return before the end of the relevant assessment year, he shall be liable to pay, by way of penalty, a sum of one thousand rupees : 

 

Provided that a person who is required to furnish a return of his income, as required by the proviso to sub-section (1) of section 139, fails to furnish such return on or before the due date, he shall be liable to pay, by way of penalty, a sum of five hundred rupees.

 

 

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Income Tax Act, 1961 

 

Indian Laws – Bare Acts

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