Section 450: Penalty for failure to comply with provisions of section 185

The Income-tax Act, 2025Central Act · Act 30 of 2025

Penalty for failure to comply with provisions of section 185.

If a person takes or accepts any loan or deposit or specified sum in contravention of the provisions of section 185, the Assessing Officer may impose on him, a penalty equal to the amount of the loan or deposit or specified sum so taken or accepted.

Where this provision sits

Act	The Income-tax Act, 2025
Section	450
Marginal note	Penalty for failure to comply with provisions of section 185
Jurisdiction	Central
Status	In force as published by the source

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