Section – 271FAA : Penalty for furnishing inaccurate statement of financial transaction or reportable account
March 7, 2018
Section – 271FB : Penalty for failure to furnish return of fringe benefits
March 7, 2018

Section – 271FAB : Penalty for failure to furnish statement or information or document by an eligible investment fund

271FAB. If any eligible investment fund which is required to furnish a statement or any information or document, as required under sub-section (5) of section 9A fails to furnish such statement or information or document within the time prescribed under that sub-section, the income-tax authority prescribed under the said sub-section may direct that such fund shall pay, by way of penalty, a sum of five hundred thousand rupees.]

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