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of <h1>Penalties for Non-Compliance with Income Tax Act Sections on Returns, Notices, and Tax Deductions</h1> A person legally bound to provide truthful information to income-tax authorities who refuses to answer questions, sign statements, attend summons, or comply with notices under specified sections is liable to a penalty of ten thousand rupees per default. Failure to comply with various procedural requirements, including furnishing returns, statements, notices, allowing inspections, or deducting and paying tax, attracts a penalty of five hundred rupees per day during the default period, subject to specified caps. Penalties are imposed by designated income-tax authorities, with an opportunity for the person to be heard before imposition. The provisions cover failures related to furnishing income returns, statements, certificates, declarations, and compliance with tax deduction and collection obligations under the Income Tax Act, 1961.
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