PENALTIES IMPOSABLECentral

Section 271FAB of The Income Tax Act 1961 in hindi

Penalty for failure to furnish statement or information or document by an eligible

investment fund.—If any eligible investment fund which is required to furnish a statement or any information or document, as required under sub-section (5) of section 9A fails to furnish such statement or information or document within the time prescribed under that sub-section, the income-tax authority prescribed under the said sub-section may direct that such fund shall pay, by way of penalty, a sum of five hundred thousand rupees.]

Summary

investment fund., If any eligible investment fund which is required to furnish a statement or any information or document, as required under sub-section (5) of section 9A fails to furnish such statement or information or document within the time prescribed under that sub-section, the income-tax.

271FAAPreviousSection 271FAA Penalty for furnishing inaccurate statement of financial transaction or reportable account.271FBNextSection 271FB Penalty for failure to furnish return of fringe benefits.