Income Tax Law
Act 2025/ CHAPTER XXI/ § 464
Income-tax Act, 2025 · CHAPTER XXI — PENALTIES

Section 464Penalty for failure to furnish statements, etc

Income-tax Act, 2025 (30 of 2025)
The Assessing Officer may impose a penalty which shall not be less than ₹ 10000 but which may extend up to ₹ 100000 on—
(a)the research association, university, college or other institution referred to in section 45, if it fails to deliver or furnish the documents as may be prescribed under section 45(4)(a); or
(b)the institution or fund, if it fails to deliver or cause to be delivered a statement within the time prescribed under section 354(1)(e), or furnish a certificate prescribed under section 354(1)(g).
the research association, university, college or other institution referred to in section 45, if it fails to deliver or furnish the documents as may be prescribed under section 45(4)(a); or
the institution or fund, if it fails to deliver or cause to be delivered a statement within the time prescribed under section 354(1)(e), or furnish a certificate prescribed under section 354(1)(g).
This section refers to
§ 354 Application for approval for purpose of section 133(1)(b)(ii).
§ 354 Application for approval for purpose of section 133(1)(b)(ii).
§ 45 Expenditure on scientific research
§ 45 Expenditure on scientific research