Chapter XXI: Penalties

Chapter XXI : Penalties

Income tax act 2025 is organised by chapters that groups related sections of the tax law. "Chapter XXI" is related to "Penalties".

1. "Chapter XXI" as per act

List of new section codes and a short description of each section.

Section	Description of Section	Section Details
1	Penalty for under-reporting and misreporting of income.	Section-439
2	Immunity from imposition of penalty, etc.	Section-440
3	Failure to keep, maintain or retain books of account, documents, etc.	Section-441
4	Penalty for failure to keep and maintain information and document, etc., in respect of certain transactions.	Section-442
5	Penalty in respect of certain income.	Section-443
6	Penalty for false entry, etc., in books of account.	Section-444
7	Benefits to related persons.	Section-445
8	Failure to get accounts audited.	Section-446
9	Penalty for failure to furnish report under section 172.	Section-447
10	Penalty for failure to deduct tax at source.	Section-448
11	Penalty for failure to collect tax at source.	Section-449
12	Penalty for failure to comply with the provisions of section 185.	Section-450
13	Penalty for failure to comply with provisions of section 185.	Section-451
14	Penalty for failure to comply with provisions of section 187.	Section-452
15	Penalty for failure to comply with provisions of section 188.	Section-453
16	Penalty for failure to furnish statement of financial transaction or reportable account.	Section-454
17	Penalty for furnishing inaccurate statement of financial transaction or reportable account.	Section-455
18	Penalty for failure to furnish statement or information or document by an eligible investment fund.	Section-456
19	Penalty for failure to furnish information or document under section 171.	Section-457
20	Penalty for failure to furnish information or document under section 506.	Section-458
21	Penalty for failure to furnish report or for furnishing inaccurate report under section 511.	Section-459
22	Penalty for failure to submit statement under section 505.	Section-460
23	Penalty for failure to furnish statements, etc.	Section-461
24	Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d).	Section-462
25	Penalty for furnishing incorrect information in reports or certificates.	Section-463
26	Penalty for failure to furnish statements, etc.	Section-464
27	Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.	Section-465
28	Penalty for failure to comply with the provisions of section 254.	Section-466
29	Penalty for failure to comply with the provisions of section 262.	Section-467
30	Penalty for failure to comply with the provisions of section 397.	Section-468
31	Power to reduce or waive penalty, etc., in certain cases.	Section-469
32	Penalty not to be imposed in certain cases.	Section-470
33	Procedure.	Section-471
34	Bar of limitation for imposing penalties.	Section-472