2025Section 456
456. Penalty for failure to furnish statement or information or document by an eligible investment fund.
In the 1961 Act1 match · Unreviewed
- 1961 Section 271FAB
From the Income Tax Department's correspondence.
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.