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Section 271FB: Penalty for failure to furnish return of fringe benefits

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Penalty for failure to furnish return of fringe benefits.

If an employer, who is required to furnish a return of fringe benefits, as required under sub-section (1) of section 115WD, fails to furnish such return within the time prescribed under that sub-section, the Assessing Officer may direct that such employer shall pay, by way of penalty, a sum of one hundred rupees for every day during which the failure continues.

Where this provision sits

ActThe Income-tax Act, 1961
Section271FB
Marginal notePenalty for failure to furnish return of fringe benefits
JurisdictionCentral
StatusRepealed

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