Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc.

Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. https://www.taxtmi.com/acts?id=52011 Section 465 prescribes a fixed penalty for refusals to answer, sign statements, attend or produce books under summons, and non compliance with specified notices or directions, and a separate daily penalty for ongoing failures such as non filing of returns, non delivery of prescribed declarations, certificates or statements, refusal to allow inspection of registers, and failure to deduct and pay tax. Penalty amounts are subject to a cap for certain failures, and specified tiers of income tax authorities are empowered to impose the penalties. en-us Thu, 14 Aug 2025 18:33:23 +0530 Mon, 08 Sep 2025 15:16:31 +0530 TaxTMI RSS Generator Penalty for failure to answer questions, sign statements, furnish information, returns or statements, allow inspections, etc. https://www.taxtmi.com/acts?id=52011 Section 465 prescribes a fixed penalty for refusals to answer, sign statements, attend or produce books under summons, and non compliance with specified notices or directions, and a separate daily penalty for ongoing failures such as non filing of returns, non delivery of prescribed declarations, certificates or statements, refusal to allow inspection of registers, and failure to deduct and pay tax. Penalty amounts are subject to a cap for certain failures, and specified tiers of income tax authorities are empowered to impose the penalties. Act-Rules Income Tax Thu, 14 Aug 2025 18:33:23 +0530 https://www.taxtmi.com/acts?id=52011