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of <h1>Income Tax Bill 2025 Clause 452 imposes 5000 rupee daily penalty for non-compliance with electronic payment requirements</h1> Clause 452 of the Income Tax Bill, 2025 introduces a penalty regime for businesses failing to provide prescribed electronic payment facilities as required under section 187. The provision imposes a penalty of 5,000 rupees per day of non-compliance, with exceptions for good and sufficient reasons. This clause succeeds Section 271DB of the Income-tax Act, 1961, maintaining identical penalty amounts and objectives while streamlining authority from Joint Commissioner to Assessing Officer. The legislation aims to promote digital payments, enhance tax compliance, and modernize the financial ecosystem by mandating electronic payment acceptance for businesses above specified turnover thresholds.
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