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1961Section 271DB

271DB. Penalty for failure to comply with provisions of section 269SU.

In the 2025 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

(1) If a person who is required to provide facility for accepting payment through the prescribed electronic modes of payment referred to in section 269SU, fails to provide such facility, he shall be liable to pay, by way of penalty, a sum of five thousand rupees, for every day during which such failure continues:

Provided that no such penalty shall be imposable if such person proves that there were good and sufficient reasons for such failure.

(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner of Income-tax:

13[Provided that any penalty under sub-section (1), on or after the 1st day of April, 2025, shall be imposed by the Assessing Officer.]

Footnotes

  1. 13.Ins. by Act No. 7 of 2025, w.e.f. 1-4-2025.↩

Income-tax Act, 1961: text as on 22 May 2026 · Official source ↗ ·