Income Tax Department

Ministry of Finance, Government of India

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Section 271BA

Penalty for failure to furnish report under section 92E

Section

Section Number

271BA

Chapter

CHAPTER XXI - PENALTIES IMPOSABLE

Act

Income-tax Act, 1961

Year

2026

Penalty for failure to furnish report under section 92E

Penalty for failure to furnish report under section 92E.

271BA. If any person fails to furnish a report from an accountant as required by section 92E, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of one hundred thousand rupees.

Footnotes