Section 450, Income-tax Act, 2025 — Penalty for failure to comply with provisions of section 185

Chapter XXI · Penalties

450Penalty for failure to comply with provisions of section 185.

Section 450 · Chapter XXI · page 536 of the Act

If a person takes or accepts any loan or deposit or specified sum in contravention of the provisions of section 185, the Assessing Officer may impose on him, a penalty equal to the amount of the loan or deposit or specified sum so taken or accepted.

Section 450 of The Income-tax Act, 2025 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.