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Section96
The Finance Act, 2020

Insertion of new section 234G

In force As on 11 Oct 2026

Ministry Finance

Section 96 of the Finance Act, 2020 deals with insertion of new section 234G. Insertion of new section 234G. 96. After section 234F of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 2020, namely:— "234G.

Insertion of new section 234G.

96. After section 234F of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 2020, namely:—

"234G. Fee for default relating to statement or certificate.—(1) Without prejudice to the provisions of this Act, where,—

(a)the research association, university, college or other institution referred to in clause (ii) or clause (iii) or the company referred to in clause (iia) of sub-section (1) of section 35 fails to deliver or cause to be delivered a statement within the time prescribed under clause (i), or furnish a certificate prescribed under clause (ii) of sub-section (1A) of that section; or
(b)the institution or fund fails to deliver or cause to be delivered a statement within the time prescribed under clause (viii) of sub-section (5) of section 80G, or furnish a certificate prescribed under clause (ix) of the said sub-section,

it shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues.

(2) The amount of fee referred to in sub-section (1) shall,—

(a)not exceed the amount in respect of which the failure referred to therein has occurred;
(b)be paid before delivering or causing to be delivered the statement or before furnishing the certificate referred to in sub-section (1).".
Section 96, The Finance Act, 2020.

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. s. 35 Amendment of Section 80-IA
  2. Income-tax Act s. 234F Fee for default in furnishing return of income

Questions about Section 96

What does Section 96 of the Finance Act deal with?

Section 96 of the Finance Act is headed "Insertion of new section 234G". Insertion of new section 234G. 96. After section 234F of the Income-tax Act, the following section shall be inserted with effect from the 1st day of June, 2020, namely:— "234G.

How do I find court cases under Section 96 of the Finance Act?

In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2020 96, section 96 Finance Act 2020, section 96 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.

What should I read with Section 96 of the Finance Act, and has it changed?

Its own text turns on section 35 (Amendment of Section 80-IA), Income-tax Act 234F (Fee for default in furnishing return of income), so none of them can safely be read on its own.

When was the Finance Act enacted?

Finance Act was enacted in 2020. India Code records no commencement date for it. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument. This page is not a substitute for legal advice.