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Tax Penalties for Non-Compliance in India

Learn about the various penalties for not complying with Indian Tax laws.

Overview of Tax Penalties

Here are the penalties for different types of non-compliance with the Income Tax Act:

Penalty for Delay: Rs 100 per day for delay in filing returns under section 234F.
Maximum Penalty: Rs 5,000 if filed before the end of the assessment year.
After Assessment Year: Penalty can go up to Rs 10,000 if the return is filed late.

Penalty for Incorrect Return: Penalty under section 271(1)(c) for misreporting income is Rs 10,000 to Rs 1,00,000.

Penalty: 1% of the unpaid tax amount for each month of delay under section 234A.

Address

Ministry of Finance, Department of Expenditure, Room No. 76, New Delhi - 110001

011-23092604

info@finmin.gov.in

https://finmin.gov.in

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101, New Delhi House, Connaught Palace, New Delhi - 100001

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