Home > Income Tax Act 2025 > Section-456Last Updated: Feb 18th 2025
Learn to understand the section-456 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
If any eligible investment fund required to furnish a statement or any information or document under section 9(12)(e) [section 9A (5)], fails to do so within the time prescribed under that section, the income-tax authority prescribed under the said section may direct that such fund shall pay, by way of penalty, a sum of five lakh rupees.
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.