Section 447 — Penalty for failure to furnish report under section 172
Old Act equivalent: Section 271BA of IT Act 1961 Sub-part: A—Penalties
Statutory Text
- [***] Penalty for failure to deduct tax at source.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Person who fails to furnish report of accountant as required under section 172.
- Conditions: Failure to furnish chartered accountant’s report for international transactions/specified domestic transactions.
- Time limits: None specified.
- Monetary limits: Rs. 1,00,000.
- Exceptions: None.
Cross-References
None identified.
Amendment Notes
None noted from the extracted pages.