§ 461
Chapter XXI — Penalties
Penalty for failure to furnish statements, etc
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
461. (1) Where a person, who is required to deliver or causes to be delivered a
statement prescribed in section 397(3)(b),—
( a) fails to do so within the time prescribed in the said section; or
( b) furnishes incorrect information in the said statement,
the Assessing Officer may impose on such person, a penalty of a sum which shall
not be less than ` 10000 but which may extend to ` 100000.
(2) No penalty shall be levied under sub-section (1)(a) for delay in filing or non-filing
of statement referred therein, if the person proves that—
( a) tax deducted or collected along with the fee and interest, if any, was paid
to the credit of the Central Government; and
( b) the said statement was also delivered or cause to be delivered before the
expiry of one month from the time prescribed in section 397(3)(b).
Penalty for failure to furnish information or furnishing inaccurate information
under section 397(3)(d).
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