Section 276CC → Section 383
Prosecution for failure to furnish return of income
Quick Answer
Section 276CC of the Income Tax Act, 1961 (Prosecution for failure to furnish return of income) corresponds to Section 383 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 276CC
Provision Summary
Jail term for not filing ITR if the tax evasion exceeds Rs. 10,000 (standard limit).
Sec 383
Provision Summary
Retained. Prosecution generally not initiated if the tax payable (after TDS/Advance tax) is less than Rs. 10,000.
Key Changes & Highlights
- Threshold for initiating prosecution raised to Rs. 25,000 in recent internal circulars.
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Frequently Asked Questions
What does Section 276CC of the Income Tax Act 1961 deal with?
Section 276CC (Prosecution for failure to furnish return of income) Jail term for not filing ITR if the tax evasion exceeds Rs. 10,000 (standard limit).
What is the new section number for Section 276CC under the Direct Tax Code 2025?
Section 276CC of the ITA 1961 maps to Section 383 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 276CC under the new tax code?
Section 276CC is marked as "Retained" with status "Active". Impact: High - Prevents total non-filing of tax returns.
What are the key changes to Section 276CC under DTC 2025?
Threshold for initiating prosecution raised to Rs. 25,000 in recent internal circulars.
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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