Section 462
Section 462: penalty for failure to furnish information or furnishing inaccurate information under Section 397(3)(d)
Section 462 closes out this stretch of TDS/TCS-adjacent penalties with a flat ₹1,00,000 charge for either not furnishing, or furnishing inaccurately, the information required under section 397(3)(d).
What Section 462 says
"If any person, who is required to furnish information under section 397(3)(d), fails to furnish such information, or furnishes inaccurate information, the Assessing Officer may impose a penalty of ₹1,00,000 on such person."
How the penalty applies
The penalty is a flat ₹1,00,000, and it applies in either of two situations: the person fails to furnish the information required under section 397(3)(d) at all, or the person furnishes that information but it is inaccurate.
Frequently asked questions
What is the penalty under Section 462?
A flat ₹1,00,000, imposed by the Assessing Officer.
Does it matter whether the information was never filed or was filed inaccurately?
No - section 462 applies the same ₹1,00,000 penalty whether the person fails to furnish the section 397(3)(d) information at all, or furnishes it inaccurately.
Related sections
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Get help with TDS/TCS information reporting complianceLast updated 9 September 2026