https://www.taxtmi.com/acts?id=18838 Section 271FAA penalises persons required by clause (k) of section 285BA to furnish statements of financial transaction or reportable account who provide inaccurate information due to failure of the prescribed due diligence or deliberately, who know of inaccuracies at filing and do not inform the prescribed authority, or who discover inaccuracies after filing and fail to inform and furnish correct information within the time specified under section 285BA(6); the prescribed income tax authority may direct payment of a specified penalty. en-us Mon, 11 Aug 2014 18:15:46 +0530 Wed, 09 Jul 2025 16:23:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=18838 Section 271FAA penalises persons required by clause (k) of section 285BA to furnish statements of financial transaction or reportable account who provide inaccurate information due to failure of the prescribed due diligence or deliberately, who know of inaccuracies at filing and do not inform the prescribed authority, or who discover inaccuracies after filing and fail to inform and furnish correct information within the time specified under section 285BA(6); the prescribed income tax authority may direct payment of a specified penalty. Act-Rules F. Acts / Amendment Acts Mon, 11 Aug 2014 18:15:46 +0530 https://www.taxtmi.com/acts?id=18838