Section 462 — Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d)
Old Act equivalent: Section 271H of IT Act 1961 Sub-part: A—Penalties
Statutory Text
- If any person, who is required to furnish information under section 397(3)(d), fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may impose a penalty of ` 100000 on such person. Penalty for furnishing incorrect information in reports or certificates.
Provisos
None.
Explanations
None.
Tables
None.
Key Structure
- Applies to: Person who fails to furnish or furnishes inaccurate information as required under section 397(3)(d).
- Conditions: Failure to furnish information or furnishing inaccurate information in TDS/TCS statements.
- Time limits: None specified.
- Monetary limits: As specified.
- Exceptions: None.
Cross-References
Amendment Notes
None noted from the extracted pages.