Mera Samvidhaan All of Income-tax Act, 2025

Chapter XXI · Penalties

456Penalty for failure to furnish statement or information or document by an eligible investment fund.

Section 456 · Chapter XXI · page 542 of the Act

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 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.