Sec 140A(3): - When assessee fails to pay wholly or partially of Self Assessment Tax or Interest or penalty or less than, in such a case Assessing Officer may impose any amount of fine subject to Maximum of Tax in arrears.
Sec 158BFA(2): - Minimum 100% of Tax leviable subject maximum of 300% of Tax liable on determination of Undisclosed Income.
Sec 221 (1): - Any amount may be imposed by Assessing Officer as penalty on Default of Payment of Tax subject to Maximum of Arrears of Tax.
Sec 234E: Rs. 200 per day subject to Maximum of Tax Deductable or Collectable on failure filing of Statements under sec 200(3) and Sec 206C(3).
Sec 234 F: - Rs. 5000 penalty for not filling of Income Tax Return up to 31st Of Assessment year and Rs. 10000 penalty for not filling of Income Tax Return up to End of Assessment Year.
Sec 270A (1): - 50% of Tax Payable on under Reported Income and 200% of Under Reported Income if such underreporting of Income is due inconvenience of miss reporting.
Sec 271(1) (b): - Rs. 10000 for each failure to comply with notices under sec 115WD (2) or sec 115WF (2) or sec 141(1) or sec 143(2) or Sec 142(2A).
Sec 271(1)(c) : - Minimum 100% of Tax sought to be evaded with help of concealment of Income Subject to maximum of 300% of Tax sought to be evaded with the help of concealment of Income.
Sec 271(4): - 150% of Difference Tax on Partner's assessed Income and Tax on Partner's Returned Income for Wrong Distribution of Profits by Registered firm not as per Partnership Deed.
Sec 271A: - Penalty of Rs. 25000 will be imposed if assessee fails to maintain Books of Accounts and Related Documents as required under sec 44AA of Income Tax Act.
Sec 271AA (1): - Penalty of 2% of value of each international transaction/or specified domestic transaction entered into if asseessee fails to keep and Maintain information and Documents or fails to Report such Transaction or Maintains or furnish incorrect information or document.
Sec 271 AA (2): - Penalty of Rs 500000 if Assessee fails to furnish information or document required under sec 92D (4).
Sec 271 AAA: - Penalty of 10% of Undisclosed Income where Search was initiated before 1 July 2012.
Sec 271AAB(1) Penalty of 10% of undisclosed income of the assessee if assessee admits the undisclosed income and on or before the specified date pays the tax, together with interest thereon and furnishes the return of income declaring undisclosed income. 20% of undisclosed income if assessee does not admit the undisclosed income, Where Search was started on or after 1/072012 but before 15/12/2016.
Scene 271 AAB(1A): - Penalty of 30% of undisclosed income of the assessee if assessee admits the undisclosed income and on or before the specified date pays the tax, together with interest thereon and furnishes the return of income declaring undisclosed income. 60% of undisclosed income if assessee does not admit the undisclosed income, Where Search was started on or after 15/12/2016.
Sec 271 AAC: - Penalty of 10% of Tax Payable under sec 115BBE for Income determined by Assessing Officer includes any income under sec 68, sec 69, sec 69A, sec 69B, sec 69C or sec 69D for any previous year. And such income is not included by assessee in his return or tax in accordance with section 115BBE has not been paid.
Sec 271B: - Penalty of 1.5% of Sales or Turnover or Rs. 150000 (Minimum of three) if Assessee fails to get his or her books of accounts Audited under sec 44AB.
Sec 271 BA: - Penalty of Rs.. 1 Lakh will be imposed if Assessee fails to furnish a Report from Accountant under Sec 92E.
Sec 271BB: - 20% of amount of which Assessee Required to subscribe units under sec 88A(1).
Sec 271 C: - Penalty equal to Amount of Tax not Deducted which Assessee Required to Deduct under sec 192 to sec 196 D or fails to pay tax under sec 115 O(2) and second provisiom to sec 194B.
Sec 271CA: - Penalty equal to Amount of Tax not collected which Assessee Required to collect under chapter XVII - BB.
Sec 271D: - Penalty equal to amount of loanor Deposit or specified sum taken or accepted in contravention of Provisions of sec 269SS.
Sec 271DA: - Penalty Amount Equal to Rs. 3 Lakh or more received from a single person under sec 169ST.
Sec 271E: - Penalty Amount Equal to Amount of Loan repayment or specified sum repaid otherwise than loan according to Provisions of Sec 269ST.
Sec 271F:- Penalty of Rs. 5000 may be imposed if Assessee failed to file Income Tax Return before end or Financial Year.
Sec 271FA: - Penalty of Rs. 100 per day if Assessee fails to file Annual Information Return under sec 285 BA (1) and Rs. 500 per day if Assessee fails to file Annual Information Return under sec 285BA(5).
Sec 271FAB: - Penalty of Rs. 5 Lakh can be imposed if Requirements under sec 9A is not fulfilled by Eligible offshore Investment Fund.
Sec 271FB: - Penalty of Rs. 100 Per day of Default by Employer in furnishing Returns of Fringe Benefits under sec 115WD(1).
Sec 271 G: - Penalty equal to 2% of the International or specified Domestic transaction I'd Assessee fails to Furnish Information or Documents under sec 92D(3).
Sec 271 GB(1): - Penalty of Rs. 5000 per day up to 30 Days and Rs. 15000 per day beyond 30 Days if assessee fails to furnish Report under sec 286(2).
Sec 271 GB(2): - Penalty of Rs. 5000 per day of failure to produce Information or Documents under Time period allowed under sec 271GB(6).
Sec 271 GB(3): - Penalty of Rs . 50000 Per day from Date of Serving of Order if Assessee fails to furnish Report or Provide Information or Documents under Sec 286 even after Notice under sec 271GB(1) and Sec 271 GB(2).
Sec 271 GB(4): - Penalty of Rs. 50000 if Assessee fails to Report inaccuracy in Report Furnished under sec 286(2) or Furnished inaccurate Information in response to Notice under sec 286(6).
Sec 272AA(1) : - Penalty Amount not exceeding Rs. 1000 can be imposed if fails to comply sec 133 B.
Sec 272B: - Penalty of Rs. 10000 will be imposed if asseessee fails to comply the Provisions under sec 139A, Sec 139 A(5)(c), sec 139(5A) & Sec 139(5C).
Sec 272BB(1): - Penalty of Rs. 10000 can imposed if fails to comply sec 203A.
Sec 272BB(1A): - Penalty of Rs. Can imposed on false quotation of TAN, PAN, Challan serial no etc. Under sec 203A(2).