§ 451
Chapter XXI — Penalties
Penalty for failure to comply with provisions of section 186
Income-tax Act, 2025
The Assessing Officer can levy a penalty on any person who receives money in breach of the advance payment rules under Section 186. The penalty amount is equal to the sum that was received unlawfully.
📜 Official text of the section +
451. The Assessing Officer may impose on a person, a penalty equal to the sum
received by him in contravention of the provisions of section 186.
Penalty for failure to comply with provisions of section 187.
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§ 443Penalty in respect of certain income§ 444Penalty for false entry, etc., in books of account