Mera Samvidhaan All of Income-tax Act, 1961

Chapter XXI · Penalties Imposable

271-IPenalty for failure to furnish information or furnishing inaccurate information under section 195.

Section 271-I · Chapter XXI · page 988 of the Act

If a person, who is required to furnish information under sub-section (6) of section 195, fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of one lakh rupees.

Other provisions that mention Section 271-I

Section 271-I of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.