Income-tax Act, 2025 · CHAPTER XXI — PENALTIES

Section 452Penalty for failure to comply with provisions of section 187

Income-tax Act, 2025 (30 of 2025)

The Assessing Officer may impose on a person, a penalty of ₹ 5000 for every day of the duration of failure where he fails to provide a facility for accepting payments through the prescribed electronic modes of payment, as referred to in section 187.

This section refers to

§ 187 Acceptance of payment through prescribed electronic modes

Referenced by

§ 470 Penalty not to be imposed in certain cases