Bare ActsIncome-tax Act, 2025

Section 456

Penalty for failure to furnish statement or information or document by an eligible investment fund.--

Amendment status not verified — confirm the current text below against the official source.

If any eligible investment fund required to furnish a statement or any information or document under paragraph 4 of Schedule I, fails to do so within the time prescribed under the said paragraph, the income-tax authority prescribed under the said paragraph may direct that such fund shall pay, by way of penalty, a sum of Rs. 500000.

Section 456 – Income-tax Act, 2025 | DailyLaw.ai