Section 271FABCentral Act
Section 271FAB: [ Penalty for failure to furnish statement or information or document by an eligible investment fund. [Inserted by Finance Act, 2015 (No. 20 of 2015), dated 14.5.2015.]
[ Penalty for failure to furnish statement or information or document by an eligible investment fund. [Inserted by Finance Act, 2015 (No. 20 of 2015), dated 14.5.2015.]
- If any eligible investment fund which is required to furnish a statement or any information or document, as required under sub-section (5) of section 9A fails to furnish such statement or information or document within the time prescribed under that sub-section, the income-tax authority prescribed under the said sub-section may direct that such fund shall pay, by way of penalty, a sum of five hundred thousand rupees.]Previous
Sec 271FAA — [ Penalty for furnishing inaccurate statement of financial transaction or reportable account. [Inserted by 25 of 2014, section 71, (w.e.f. 1-4-2015).]
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Sec 271FB — [ Penalty for failure to furnish return of fringe benefits. [ Inserted by Act 18 of 2005, Section 59 (w.e.f. 1.4.2006).]
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