Income-tax Act, 2025

Failure to keep, maintain or retain books of account, documents, etc - Section 441

Failure to keep, maintain or retain books of account, documents, etc.

441. A penalty of Rs. 25000 may be imposed on a person by the Assessing Officer or the Joint Commissioner (Appeals) or the Commissioner (Appeals), if he fails to

(a) keep and maintain the books of account and other documents as per section 62 or the rules made thereunder, in respect of any tax year; or

(b) retain such books of account and other documents for the period specified in the said rules. .... To read the full section download the app from Google Play store