§ 464
Chapter XXI — Penalties
Penalty for failure to furnish statements, etc
Income-tax Act, 2025
The Assessing Officer can levy a penalty of at least ₹10,000 and up to ₹100,000.
This applies if a research association, university, college or similar institution does not provide the documents required under section 45(4)(a), or if an institution or fund fails to submit the statement or certificate required under section 354 within the prescribed time.
📜 Official text of the section +
464. The Assessing Officer may impose a penalty which shall not be less than ` 10000
but which may extend up to ` 100000 on—
( a) the research association, university, college or other institution referred
to in section 45, if it fails to deliver or furnish the documents as may be
prescribed under section 45(4)(a); or
( b) the institution or fund, if it fails to deliver or cause to be delivered a
statement within the time prescribed under section 354(1)(e), or furnish
a certificate prescribed under section 354(1)(g).
Penalty for failure to answer questions, sign statements, furnish information,
returns or statements, allow inspections, etc.
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