§ 462
Chapter XXI — Penalties
If any person, who is required to furnish information under section 397(3)(d),
Income-tax Act, 2025
Businesses required to submit information under section 397(3)(d) must ensure it is complete and accurate. If the information is not provided or is incorrect, the Assessing Officer can levy a penalty of up to ₹100,000.
📜 Official text of the section +
462. If any person, who is required to furnish information under section 397(3)(d),
fails to furnish such information, or furnishes inaccurate information, the
Assessing Officer may impose a penalty of ` 100000 on such person.
Penalty for furnishing incorrect information in reports or certificates.
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