CHAPTER XXI – Penalties imposable
Here’s the section-wise analysis of CHAPTER XXI – Penalties imposable of the Income-tax Act, 1961 comparing with the Income-tax Act, 2025:
| Section (1961) | Section heading as per Income-tax Act, 1961 | Corresponding Section (Income-tax Act, 2025) |
|---|---|---|
| 270 | Failure to furnish information regarding securities, etc. [Omitted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.] | Omitted |
| 270A | Penalty for under-reporting and misreporting of income. | Section-439 |
| 270AA | Immunity from imposition of penalty, etc. | Section-440 |
| 271 | Failure to furnish returns, comply with notices, concealment of income, etc. | Redundant |
| 271A | Failure to keep, maintain or retain books of account, documents, etc. | Section-441 |
| 271AA | Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions. | Section-442 |
| 271AAA | Penalty where search has been initiated. | Redundant |
| 271AAB | Penalty where search has been initiated. | Redundant |
| 271AAC | Penalty in respect of certain income. | Section-443 |
| 271AAD | Penalty for false entry, etc., in books of account. | Section-444 |
| 271AAE | Benefits to related persons. | Section-445 |
| 271B | Failure to get accounts audited. | Section-446 |
| 271BA | Penalty for failure to furnish report under section 92E. | Section-447 |
| 271BB | Penalty to subscribe to the eligible issue of capital. | Redundant |
| 271C | Penalty for failure to deduct tax at source. | Section-448 |
| 271CA | Penalty for failure to collect tax at source. | Section-449 |
| 271D | Penalty for failure to comply with the provisions of section 269SS. | Section-450 |
| 271DA | Penalty for failure to comply with provisions of section 269ST. | Section-451 |
| 271DB | Penalty for failure to comply with provisions of section 269SU. | Section-452 |
| 271E | Penalty for failure to comply with provisions of section 269T. | Section-453 |
| 271F | Penalty for failure to furnish return of income. | Redundant |
| 271FA | Penalty for failure to furnish statement of financial transaction or reportable account. | Section-454 |
| 271FAA | Penalty for furnishing inaccurate statement of financial transaction or reportable account. | Section-455 |
| 271FAB | Penalty for failure to furnish statement or information or document by an eligible investment fund. | Section-456 |
| 271FB | Penalty for failure to furnish return of fringe benefits. | Redundant |
| 271G | Penalty for failure to furnish information or document under section 92D. | Section-457 |
| 271GA | Penalty for failure to furnish information or document under section 285A. | Section-458 |
| 271GB | Penalty for failure to furnish report or for furnishing inaccurate report under section 286. | Section-459 |
| 271GC | Penalty for failure to submit statement under section 285. | Section-460 |
| 271H | Penalty for failure to furnish statements, etc. | Section-461 |
| 271-I | Penalty for failure to furnish information or furnishing inaccurate information under section 195. | Section-462 |
| 271J | Penalty for furnishing incorrect information in reports or certificates. | Section-463 |
| 271K | Penalty for failure to furnish statements, etc. | Section-464 |
| 272A | Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. | Section-465 |
| 272AA | Penalty for failure to comply with the provisions of section 133B. | Section-466 |
| 272B | Penalty for failure to comply with the provisions of section 139A. | Section-467 |
| 272BB | Penalty for failure to comply with the provisions of section 203A. | Section-468 |
| 272BBB | Penalty for failure to comply with the provisions of section 206CA. | Redundant |
| 273 | False estimate of, or failure to pay, advance tax. | Redundant |
| 273A | Power to reduce or waive penalty, etc., in certain cases. | Section-469 |
| 273AA | Power of Principal Commissioner or Commissioner to grant immunity from penalty. | Redundant |
| 273B | Penalty not to be imposed in certain cases. | Section-470 |
| 274 | Procedure. | Section-471 |
| 275 | Bar of limitation for imposing penalties. | Section-472 |
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