§ 466
Chapter XXI — Penalties
Penalty for failure to comply with the provisions of section 254
Income-tax Act, 2025
✍️ A plain-language summary of this section is being prepared. Below is the official text.
📜 Official text
466. If a person fails to comply with the provisions of section 254, the Joint
Commissioner, Deputy Director or Assistant Director or the Assessing Officer,
may impose a penalty which may extend up to ` 13[25000] on him.
13. Substituted for “1000” by the Finance Act, 2026, w.e.f. 1-4-2026.
Penalty for failure to comply with the provisions of 14[sections 262 and 397].
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