Section-452: Penalty for failure to comply with provisions of section 187

Section-452 : Penalty for failure to comply with provisions of section 187

Section-452 provides for imposition of penalty for failure to comply with the provisions of clause 187. Learn to understand the section-452 as it is, it's help and useful links to follow.

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

1. Section-452 as per act

The Assessing Officer may impose on a person, a penalty of five thousand rupees for every day of the duration of failure where he fails to provide a facility for accepting payments through the prescribed electronic modes of payment, as referred to in section 187 except when he proves that there were good and sufficient reason for such failure.