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of <h1>Clause 232 Direct Taxes Code 2010: Penalties for Tax Compliance Failures Range from INR 5,000 to 2 Lakh.</h1> Clause 232 of the Direct Taxes Code, 2010, outlines penalties for various defaults related to tax compliance. Individuals face penalties for failing to maintain or audit accounts, deduct or collect taxes, comply with notices, or furnish required information and returns. Penalties range from a minimum of fifty thousand to two lakh rupees for certain accounting failures, and from twenty-five percent up to the full amount of tax for failures related to tax deduction or collection. Other specific non-compliances incur penalties from five thousand to one lakh rupees, depending on the nature of the default.
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