Income Tax Department

Ministry of Finance, Government of India

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When penalty under Section 271DB shall be imposed?

Subject

FAQs on Penalty provision under IT Act

etds-answer

​​​Penalty under Section 271DB shall be imposed if a person, carrying on a business, having total sales, turnover or gross receipts in excess of Rs. 50 crores during the immediately preceding previous year, fails to provide the facility for accepting payment through prescribed electronic modes as referred to in Section 269SU.​