Section |
Nature of Default |
Penalty |
271B |
Failure to get accounts audited u/s 44AB |
Least of ½ % of Total Sales/Turnover or Rs. 1,50,000 |
271C |
Failure to deduct whole or past of tax u/s 192 to 196C |
Amount of Tax which is failed to be deducted |
271D |
Taking or accepting any loan or deposit in case ( 269SS) |
Amount of Loan or Deposit taken |
271E |
Repaying or accepting or depositing Cash ( 369 T ) |
Amount of Deposit or Loan Repaid |
271F |
Failure to file Return of Income u/s 139 |
Rs. 5000 /- |
271H |
Failure to Submit Qly TDS / TCS Return |
Rs. 10,000 /- to Rs. 1,00,000 |
