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TypeBare Act JurisdictionCentral Government

Finance (No. 2) Act, 2004 Section 55

Insertion of New Section 271fa

~1 min read
https://sooperkanoon.com/act/18823

Bare act section · Research

About this section

Finance (No. 2) Act, 2004 Section 55 is part of Finance (No. 2) Act, 2004 - Insertion of New Section 271fa. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 271F of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2005, namely:--

"271FA. Penalty for failure to furnish annual information return: If a person who is required to furnish an annual information return, as required under sub-section (1) of section 285BA, fails to furnish such return within the time prescribed under that sub-section, the income-tax authority prescribed under the said sub-section may direct that such person shall pay, by way of penalty, a sum of one hundred rupees for even, day during which the failure continues.".

Frequently asked questions

What does Finance (No. 2) Act, 2004 Section 55 provide?

Section Section 55 of the Finance (No. 2) Act, 2004 (Insertion of New Section 271fa) is reproduced on this page as part of the Finance (No. 2) Act, 2004. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance (No. 2) Act, 2004 Section 55?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No. 2) Act, 2004 Section 55. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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