Home > Income Tax Act 2025 > Section-480Last Updated: Feb 18th 2025
Learn to understand the section-480 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
If a person wilfully fails to furnish in due time the return of total income which is required to be furnished by notice given under section 294 (1)(a), he shall be punishable with imprisonment for a term which shall not be less than three months but which may extend to three years and shall also be liable to fine.
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.