Bharat’s Interest, Fee & Penalty by R.P. Garg – 1st Edition 2023

Chart 2           Penalties at a glance

Chapter 1       Interest, Fee and Penalty

Chapter 2       Self assessment interest (Sections 140A & 140B)

Chapter 3       Interest on TDS failure (Section 201(1A))

Chapter 4       Interest on TCS (Section 206C(7))

Chapter 5       Delayed payment of tax (Section 220)

Chapter 6       Interest on delayed or no return (Section 234A)

Chapter 7       Interest on payment of advance tax (Section 234B)

Chapter 8       Interest on short payments in instalments (Section 234C)

Chapter 9       Interest on excess refund (Section 234D)

Chapter 10     Interest on refunds (Section 244A)

Chapter 11     Fee for default in furnishing statements (Section 234E)

Chapter 12     Fee for default in furnishing return (Section 234F)

Chapter 13     Fee for default relating to statement or certificate (Section 234G)

Chapter 14     Fee for default in linking Aadhaar and PAN (Section 234H)

Chapter 15     General principles levying penalty

Chapter 16     Penalty for default in payment of tax (Section 221)

Chapter 17     Penalty for under reporting and misreporting income (Section 270A)

Chapter 18     Immunity from penalty/prosecution (Section 270AA)

Chapter 19     Return related defaults (Section 271 now not existing)

Chapter 20     Failure regarding books (Section 271A)

Chapter 21     Failure regarding international transactions (Section 271AA)

Chapter 22     Penalty in search cases (Section 271AAA & 271AAB)

Chapter 23     Penalty for intangible additions (Section 271AAC)

Chapter 24     Penalty for false entry & omission (Section 271AAD)

Chapter 25     Penalty for benefits to related persons (Section 271AAE)

Chapter 26     Penalty for accounts audit (Section 271B)

Chapter 27     Penalty for not furnishing TP report & subscription scheme (Section 271BA & 271BB)

Chapter 28     Penalty for not deducting and paying tax (Section 271C)

Chapter 29     Penalty for not collecting Tax (Section 271CA)

Chapter 30     Penalty for taking or repaying deposits in cash (Section 271D)

Chapter 31     Penalty for accepting cash over 2 lakhs (Section 271DA)

Chapter 32     Penalty for repayment in cash (Section 271E)

Chapter 33     Penalty for not filing returns and statements (Section 271F/FA/FAA/FAB/FB)

Chapter 34     Transfer pricing obligation failure (Sections 271G)

Chapter 35     Failure in furnishing information (Section 271GA)

Chapter 36     Failure to deliver TDS/TCS statement/information (Section 271H)

Chapter 37     Penalty for not furnishing information of payment to non-resident (Section 271-I)

Chapter 38     Penalty for incorrect information by merchant banker valuer (Section 271J)

Chapter 39     Failure to furnish statements, etc (Section 271K)

Chapter 40     Discontinuance notice, refusing answer, information etc. (Section 272/272A)

Chapter 41     Non-compliance of 133B (Section 272AA)

Chapter 42     Penalty for failure to apply PAN (Section 272B)

Chapter 43     Penalty for failure to comply 203A quote TDS/TCS number (Section 272BB)

Chapter 44     Penalty for 206CA default (Section 272 BBB)

Chapter 45     Penalty for wrong estimate (Section 273)

Chapter 46     Waiver or reduction of penalty (Section 273A)

Chapter 47     Immunity on abatement 245HA (Section 273AA)

Chapter 48     Reasonable cause of failure (Section 273B)

Chapter 49     Procedure (Section 274)

Chapter 50     Limitation for levy of penalty (Section 275)

Chapter 51     Power to tender immunity (Section 291)