Section 271F
Penalty for failure to furnish return of income
Quick Answer
Section 271F (Penalty for failure to furnish return of income) has been deleted under the Direct Tax Code 2025, effective 1st April 2026.
Sec 271F
Provision Summary
Imposed a flat penalty of Rs. 5,000 for failure to file ITR before the end of the assessment year.
Deleted
Provision Summary
NA. Completely replaced by the automated late filing fee under Section 234F.
Key Changes & Highlights
- Shifted from a discretionary 'Penalty' to a mandatory 'Fee'.
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Frequently Asked Questions
What does Section 271F of the Income Tax Act 1961 deal with?
Section 271F (Penalty for failure to furnish return of income) Imposed a flat penalty of Rs. 5,000 for failure to file ITR before the end of the assessment year.
Is Section 271F of the ITA 1961 still applicable under DTC 2025?
Section 271F has been deleted under the Direct Tax Code 2025. NA. Completely replaced by the automated late filing fee under Section 234F.
What is the status of Section 271F under the new tax code?
Section 271F is marked as "Deleted" with status "Deleted". Impact: High - Historical transition of late ITR fines.
What are the key changes to Section 271F under DTC 2025?
Shifted from a discretionary 'Penalty' to a mandatory 'Fee'.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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