§ 443
Chapter XXI — Penalties
Penalty in respect of certain income
Income-tax Act, 2025
Businesses must keep true and complete books of account. Making a false entry, omitting a transaction, or otherwise falsifying records can attract a monetary penalty under this provision.
- The penalty applies when the entry is found to be false or misleading.
- It is imposed in addition to any other tax liabilities.
📜 Official text of the section +
443. 9[***]
Penalty for false entry, etc., in books of account.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.
Related sections
§ 439Penalty for under-reporting and misreporting of income§ 440[ (1) An assessee may make an application to the Assessing Officer to grant§ 441Failure to keep, maintain or retain books of account, documents, etc§ 442Penalty for Non‑Compliance with Transaction Reporting§ 444Penalty for false entry, etc., in books of account§ 445Benefits to related persons