Income Tax Department

Ministry of Finance, Government of India

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Section 481

Failure to produce accounts and documents

Section

Section Number

481

Chapter

CHAPTER XXII - OFFENCES AND PROSECUTIONS

Act

Income-tax Act, 2025

Year

2026

Failure to produce accounts and documents

26[Failure to comply with a direction of special audit or valuation.

481. If a person wilfully fails to comply with a direction issued to him under section 268(5), he shall be punishable with simple imprisonment for a term up to six months, or with fine, or with both.]


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