Income-tax Act, 2025

Penalty for failure to comply with provisions of section 187 - Section 452

Penalty for failure to comply with provisions of section 187.

452. The Assessing Officer may impose on a person, a penalty of Rs. 5000 for every day of the duration of failure where he fails to provide a facility for accepting payments through the prescribed electronic modes of payment, as referred to in section 187. .... To read the full section download the app from Google Play store