# The Finance Act, 2002, Section 102: Substitution of new section for section 271F

- Act: The Finance Act, 2002
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2002/section/102/

## Text

Substitution of new section for section 271F. 102. For section 271F of the Income-tax Act, the following section shall be substituted with effect from the 1st day of June, 2002, namely:— "271F. Penalty for failure to furnish return of income.— If a person who is required to furnish a return of his income, as required under sub-section (1) of section 139 or by the provisos to that sub-section, fails to furnish such return before the end of the relevant assessment year, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of five thousand rupees.". © Copyright. Taxmann Publications Pvt. Ltd.

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