§ 441
Chapter XXI — Penalties
Failure to keep, maintain or retain books of account, documents, etc
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
441. A penalty of ` 25000 may be imposed on a person by the Assessing Officer
or the Joint Commissioner (Appeals) or the Commissioner (Appeals), if he
fails to—
( a) keep and maintain the books of account and other documents as per
section 62 or the rules made thereunder, in respect of any tax year; or
( b) retain such books of account and other documents for the period spec-
ified in the said rules.
Penalty for failure to keep and maintain information and document, etc., in
respect of certain transactions.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.