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Compliance · effective 1 April 2026

Section 270A under the
Income-tax Act, 2025

Penalty for under-reporting and misreporting of income

Income-tax Act, 1961
270A
Income-tax Act, 2025
439
ConfirmedSubstance changedTaken from the ICAI Direct Taxes Committee concordance and independently checked against the bare statutory text of the Income-tax Act, 2025.

Topic

Penalty for under-reporting and misreporting of income — Compliance provisions under the Income-tax Act, 2025 (Act 30 of 2025).

What changed

Drafting change worth noting: s.439(1) vests the power in 'the Competent Authority' rather than naming the Assessing Officer/Commissioner (Appeals) as 1961 s.270A(1) did. The under-reporting triggers in s.439(2) track 270A(2) but are re-pointed at the new sections (return processed under s.270(1)(a), first-time return under s.280, deemed total income under s.206). Immunity from penalty (old 270AA) is s.440. Procedure and opportunity of being heard is now centralised for the whole penalty chapter in s.471.

Source

ICAI concordance row '439 | Penalty for under-reporting and misreporting of income | 270A'; verified against bare text of s.439(1)-(2).

Open the source document →

CBDT publishes its own correspondence utility on incometaxindia.gov.in and that is the authority. Spot-check anything high-stakes there before you rely on it.

Still cite section 270A for
Income earned up to 31 March 2026 — that is FY 2025-26, Assessment Year 2026-27, governed by the Income-tax Act, 1961 even though you file it during 2026.
Cite 439 for
Income earned from 1 April 2026 — Tax Year 2026-27 onwards, governed by the Income-tax Act, 2025. Tax deducted on payments made on or after 1 April 2026 must be reported under the new section 393 table references and new challan/return codes. Quoting a legacy section such as 194C or 194J triggers validation failure.
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234F · Fee for default in furnishing return of income
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271 · Penalty for concealment of income / furnishing inaccurate particulars
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This is a navigational aid for the 1961 → 2025 transition, not tax advice. It helps you find the right place in the new Act when you already know the old section. Confirm every citation against the bare Act and against CBDT's own correspondence utility before relying on it in a return, certificate, notice reply or opinion. The source text used here is the Act as passed, so any rate or threshold amended by the Finance Act, 2026 is not reflected; section numbers are unaffected.

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