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of <h1>Section 397: Fixed Rs.10,000 Penalty for Failure to Comply or Quoting False Tax Deduction and Collection Account Numbers</h1> Where a person fails to comply with the requirements of section 397, the tax authority may impose a fixed penalty of Rs.10,000. If a person required to quote a Tax Deduction and Collection Account Number in challans, certificates, statements or other documents under section 397(1)(b) quotes a number that is false, knowing or believing it to be false or untrue, the tax authority may likewise impose a Rs.10,000 penalty.
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