Section 461 — Penalty re Failure to Deliver TDS Quarterly Statement | ITA 2025

Section 461 of the Income-tax Act, 2025 corresponds to s. 271 H of the Income-tax Act, 1961. STATUTORY ARCHITECTURE Penalty INR 10,000 to INR 1,00,000 for failure to deliver or inaccuracy in TDS or TCS quarterly statement under s.…

Section 461 — - PENALTY RE FAILURE TO DELIVER TDS QUARTERLY STATEMENT

Section 461 of the Income-tax Act, 2025 corresponds to s. 271H of the Income-tax Act, 1961.

Statutory text — Income-tax Act, 2025

(1) Where a person, who is required to deliver or causes to be delivered a s tatement prescribed in section 397(3)(b),—

(a) fails to do so within the time prescribed in the said section; or

(b) furnishes incorrect information in the said statement, the Assessing Officer may impose on such person, a penalty of a sum which shall not be less than ` 10000 but which may extend to ` 100000.

(2) No penalty shall be levied under sub-section (1)(a) for delay in filing or non-filing of statement referred therein, if the person proves that—

(a) tax deducted or collected along with the fee and interest, if any, was paid to the credit of the Central Government; and

(b) the said statement was also delivered or cause to be delivered before the expiry of one month from the time prescribed in section 397(3)(b). Penalty for failure to furnish information or furnishing inaccurate information under section 397(3)(d).

STATUTORY ARCHITECTURE

Penalty INR 10,000 to INR 1,00,000 for failure to deliver or inaccuracy in TDS or TCS quarterly statement under s. 397(3)(b) [s. 200(3)-206C(3)].

PRACTITIONER PLANNING NOTES

Distinct from s. 428 [234E] late-filing fee (INR 200 per day).

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).

← All sections (537)Act 2025 hub

INCOME-TAX ACT, 2025	INCOME-TAX ACT, 1961
2025 provision	1961 counterpart
s. 461 -- Penalty re Failure to Deliver TDS Quarterly Statement	s. 271H