Section 479 Income Tax Act 2025 Failure to furnish returns of income. 479. (1) If a person wilfully fails to furnish in due time the return of income, which is required to be furnished under section 263(1), or by notice given under section 268(1) or 280, he shall be punishable,— (a) in a case, where the amount of tax, which… Read More »
Section 478 Income Tax Act 2025 Wilful attempt to evade tax, etc. 478 . (1) If a person wilfully attempts in any manner whatsoever to evade any tax, penalty or interest chargeable or imposable, or under-reports his income, under this Act, he shall be punishable,— (a) in a case, where the amount sought to be evaded… Read More »
Section 477 Income Tax Act 2025 Failure to pay tax collected at source. 477 . (1) If a person fails to pay the tax collected by him to the credit of the Central Government, as required under section 397(3)(a), he shall be punishable with rigorous imprisonment for a term which shall not be less than three months… Read More »
Section 476 Income Tax Act 2025 Failure to pay tax to credit of Central Government under Chapter XIX-B. 476. (1) If a person fails to— (a) pay the tax deducted at source by him to the credit of the Central Government, as required by or under the provisions of Chapter XIX-B; or (b) pay tax or… Read More »
Section 475 Income Tax Act 2025 Removal, concealment, transfer or delivery of property to prevent tax recovery. 475. Whoever, fraudulently removes, conceals, transfers or delivers to any person, any property or any interest therein, with the intent to prevent such property or interest therein from being taken in execution of a certificate drawn under section 413, shall… Read More »
Section 474 Income Tax Act 2025 Failure to comply with section 247(1)(ii). 474. If a person, who is required to afford the authorised officer with the necessary facility to inspect the books of account or other documents, under section 247(1)(ii), fails to do so, he shall be punishable with rigorous imprisonment for a term which may extend… Read More »
Section 473 Income Tax Act 2025 CHAPTER XXII OFFENCES AND PROSECUTION Contravention of order made under section 247. 473. Whoever contravenes any order referred to in section 247(4) shall be punishable with rigorous imprisonment which may extend to two years and shall also be liable to fine.
Section 472 Income Tax Act 2025 Bar of limitation for imposing penalties. 472. (1) No order imposing a penalty under this Chapter shall be passed after the expiry of six months from the end of the quarter in which— (a) the proceedings, in the course of which action for the imposition of penalty has been initiated,… Read More »
Section 471 Income Tax Act 2025 Procedure. 471. (1) No order imposing a penalty under this Chapter shall be made unless the assessee has been heard, or has been given a reasonable opportunity of being heard. (2) No order imposing a penalty under this Chapter shall be made without the prior approval of the Joint Commissioner—… Read More »
RULE 201 INCOME-TAX RULES 2026 Certification of copies of advance rulings pronounced by Board for Advance Rulings under section 384(8). 201. The copy of the advance ruling pronounced by the Board, to be sent to the applicant and to the Commissioner having jurisdiction over his case, shall be certified to be true copy thereof by the… Read More »