section 468
Penalty for failure to comply with the provisions of section 397.
Income Tax Act 2025Tax2025570 sections23 chapters
Chapter XXI Penalties
Statutory text
- (1) If a person fails to comply with the provisions of section 397, the Assessing Officer may impose a penalty of Rs. 10000 on him.
- (2) If a person, required to quote his Tax Deduction and Collection Account Number in challans, certificates, statements or other documents referred to in section 397(1)(b), quotes a number which is false, knowing or believing it to be false or not true, the Assessing Officer may impose a penalty of Rs. 10000 on him.
Study data processing for this section.
PDF: pending for this language.