Section 271DCentral Act

Section 271D: Penalty for failure to comply with the provisions of section 269-SS

The Income-tax Act, 1961

Penalty for failure to comply with the provisions of section 269-SS.

- [(1)] [ Renumbered by Act 12 of 1990, Section 45 (w.r.e.f. 1.4.1990).] If a person takes or accepts any loan or deposit [or specified sum] [Inserted by Finance Act, 2015 (No. 20 of 2015), dated 14.5.2015.] in contravention of the provisions of section 269-SS, he shall be liable to pay, by way of penalty, a sum equal to the amount of the loan or deposit [or specified sum] [Inserted by Finance Act, 2015 (No. 20 of 2015), dated 14.5.2015.] so taken or accepted.

(2)

Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.

Sec 271CA — [ Penalty for failure to collect tax at source. [ Inserted by Act 21 of 2006, Section 52 (w.e.f. 1.4.2007).]

Sec 271DA — Penalty for failure to comply with provisions of section 269ST

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