Penalty for failure to furnish statement or information or document by an eligible investment fund
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
If any eligible investment fund required to furnish a statement or any information or document under section 9(12)(e) [section 9A (5)], fails to do so within the time prescribed under that section, the income-tax authority prescribed under the said section may direct that such fund shall pay, by way of penalty, a sum of five lakh rupees.
