Section 456: Penalty for failure to furnish statement or information or document by an eligible investment fund

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

Penalty for failure to furnish statement or information or document by an eligible investment fund.

If any eligible investment fund required to furnish a statement or any information or document under paragraph 4 of Schedule I, fails to do so within the time prescribed under the said paragraph, the income-tax authority prescribed under the said paragraph may direct that such fund shall pay, by way of penalty, a sum of Rs. 500000.

Where this provision sits

Act	The Income-tax Act, 2025
Section	456
Marginal note	Penalty for failure to furnish statement or information or document by an eligible investment fund
Jurisdiction	Central
Status	In force as published by the source

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