§ 452
Chapter XXI — Penalties
Penalty for failure to comply with provisions of section 187
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
452. The Assessing Officer may impose on a person, a penalty of ` 5000 for every
day of the duration of failure where he fails to provide a facility for accepting
payments through the prescribed electronic modes of payment, as referred to in
section 187.
Penalty for failure to comply with provisions of section 188.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.
Related sections
§ 439Penalty for under-reporting and misreporting of income§ 440[ (1) An assessee may make an application to the Assessing Officer to grant§ 441Failure to keep, maintain or retain books of account, documents, etc§ 442Section 442§ 443Penalty in respect of certain income§ 444Penalty for false entry, etc., in books of account