Documentation penalties for international and specified domestic transactions impose value-linked sanctions and fixed monetary fines for non-furnishing. Where a person enters into an international or specified domestic transaction and fails to keep or maintain required information and documents, fails to report the transaction, or furnishes incorrect information or documents, the Assessing Officer or Commissioner (Appeals) may impose a penalty calculated as a percentage of the value of each such transaction. Separately, the prescribed income-tax authority may impose a fixed monetary penalty for failure to furnish the required information and documents under the reporting provision.