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456

ITA 2025 · Section 456

Penalty re Eligible Investment Fund Reporting

Chapter XXI — PenaltiesITA 2025AY 2026-27 onward

Section 456 of the Income-tax Act, 2025 corresponds to s. 271 FAB of the Income-tax Act, 1961. STATUTORY ARCHITECTURE Penalty for failure of EIF ( s. 9 A of 1961) to file statement or information per Schedule I. PRACTITIONER PLANNING…

Section 456 — - PENALTY RE ELIGIBLE INVESTMENT FUND REPORTING

Section 456 of the Income-tax Act, 2025 corresponds to s. 271FAB of the Income-tax Act, 1961.

STATUTORY ARCHITECTURE

Penalty for failure of EIF (s. 9A of 1961) to file statement or information per Schedule I.

PRACTITIONER PLANNING NOTES

  • FPI or Cat-III AIF specific compliance.

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).