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271I Income Tax Act -  Penalty for failure to furnish information or furnishing inaccurate information under section 195

Section 271I of Income Tax Act 1961 -  Penalty for failure to furnish information or furnishing inaccurate information under section 195

1If a person, who is required to furnish information under sub-section (6) of section 195, fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of one lakh rupees.
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1. Ins. by Act 20 of 2015, s. 75 (w.e.f. 1-6-2015).

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