Lawgist45Penalty for other defaults
(1) A person shall be liable to a penalty if he has, without reasonable cause, failed to—
(a) answer any question put to him by a tax authority in the exercise of its power sunder this Act;
(b) sign any statement made by him in the course of any proceedings under this Act which a tax authority may legally require him to sign;
(c) attend or produce books of account or documents at the place or time, if he is required to attend or to give evidence or produce books of account or other documents, at certain place and time in response to summons issued under section 8.
(2) The penalty referred to in sub-section (1) shall be a sum which shall not be less than fifty thousand rupees but which may extend to two lakh rupees.
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- 41 Penalty in relation to undisclosed foreign income and asset
- 42 Penalty for failure to furnish return in relation to foreign income and asset
- 43 Penalty for failure to furnish in return of income, an information or furnish inaccurate particulars about an asset (including financial interest in any entity) located outside India
- 44 Penalty for default in payment of tax arrear
- 45 Penalty for other defaults
- 46 Procedure
- 47 Bar of limitation for imposing penalty
