Penalty re Receipt in Cash above INR 2 lakh (s. 186)

Section 451 — - PENALTY RE RECEIPT IN CASH ABOVE INR 2 LAKH (S. 186)

Section 451 of the Income-tax Act, 2025 corresponds to s. 271DA of the Income-tax Act, 1961.

STATUTORY ARCHITECTURE

Penalty equal to amount received in cash by single person on single day in aggregate exceeding INR 2 lakh in contravention of s. 186 [s. 269ST].

PRACTITIONER PLANNING NOTES

• Wedding or event payments -- structuring to avoid attracted to anti-structuring clause; document multiple-payee genuine.

CROSS-REFERENCES

• s. 439 (under-reporting or misreporting -- master penalty).
• s. 440 (immunity application).
• s. 469 or 470 (waiver or reasonable-cause).
• s. 471 or 472 (procedure or limitation).