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Home > Income Tax Act 2025 > Chapter XXI > Section-447Last Updated: Oct 14th 2025

Section-447 : Penalty for failure to furnish report under section 172

Section-447 seeks to provide for imposition of penalty for failure to furnish a report from an accountant as required by clause 172. Learn to understand the section-447 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

New Income Tax Act 2025 Portal

1. Section-447 as per act

If any person fails to furnish a report from an accountant as required by section 172, the Assessing Officer may impose a penalty of ₹100000 on such person.

2. Help and useful links for Section-447

  1. Income Tax Help Center
  2. Income Tax Act 2025 Home
  3. Income Tax Penalties: What and When?
  4. Self Service (DIY) Income Tax Filing made Easy



How to get help from EZTax.in



Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.