Section-462: Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d)

Section-462 : Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d)

Section-462 seeks to provide for imposition of penalty for failure to furnish information or furnishing inaccurate information as required under section 397(3)(d). Learn to understand the section-462 as it is, it's help and useful links to follow.

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

1. Section-462 as per act

If any person, who is required to furnish information under section 397(3)(d), fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may impose a penalty of ₹100000 on such person.