Home > Income Tax Act 2025 > Section-486Last Updated: Feb 19th 2025
Learn to understand the section-486 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
No person shall be punishable for any failure referred to in section 476 or 477, irrespective of anything contained in that section, if he proves that there was reasonable cause for such failure.
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.