Section 468
Penalty for failure to comply with the provisions of section 397.
About this Act
An Act to consolidate and amend the law relating to income-tax.
(1) If a person fails to comply with the provisions of section 397, the Assessing Officer may impose a penalty of ₹ 10000 on him.
(2) If a person, required to quote his Tax Deduction and Collection Account Number in challans, certificates, statements or other documents referred to in section 397(1)(b), quotes a number which is false, knowing or believing it to be false or not true, the Assessing Officer may impose a penalty of ₹ 10000 on him.
(2) If a person, required to quote his Tax Deduction and Collection Account Number in challans, certificates, statements or other documents referred to in section 397(1)(b), quotes a number which is false, knowing or believing it to be false or not true, the Assessing Officer may impose a penalty of ₹ 10000 on him.