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Home > Income Tax Act 2025 > Chapter XXII > Section-481Last Updated: Apr 25th 2026
Section-481 seeks to provide for punishment for failure to produce accounts and documents. Learn to understand the section-481 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 produce, or cause to be produced, the accounts and documents as are referred to in the notice served on him under section 268(1) on or before the date specified in such notice, or wilfully fails to comply with a direction issued to him under section 268(5), he shall be punishable with rigorous imprisonment for a term which may extend to one year and with fine.
Quickly find the corresponding section under the new Income Tax Act, 2025.
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.