Income Tax Act 2025: Section 441 for Tax Year 2025-26

Section 441 (Income Tax Act 2025): ₹25,000 penalty for failing to maintain or retain books of account as per Section 62 or prescribed rules for Tax Year 2025-26.

Share:

Telegram Group Join Now
WhatsApp Group Join Now

Failure to keep, maintain or retain books of account, documents, etc.

[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]

A penalty of twenty-five thousand rupees shall be imposed on a person by the Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals), if he fails to—

(a) keep and maintain the books of account and other documents as per section 62 or the relevant rules, in respect of any tax year; or

(b) retain such books of account and other documents for the period specified in the said rules.

in

Publish Your Article

Join AUBSP esteemed panel of Authors

(Become a Contributor to AUBSP as an Author)

Submit Content