Section 271(1)(c) → Section N/A
Penalty for concealment of income (Old Regime)
Quick Answer
Section 271(1)(c) of the Income Tax Act, 1961 (Penalty for concealment of income (Old Regime)) corresponds to Section N/A of the Income-tax Act, 2025, effective 1st April 2026. Status: Deleted.
What changed for Section 271(1)(c)
Section 271(1)(c) of the 1961 Act sets out the rules on penalty for concealment of income (old regime). The old penalty section for concealment (prior to AY 2017-18).
The Income-tax Act, 2025 does not retain Section 271(1)(c): it is deleted with effect from 1st April 2026, so no equivalent section replaces it. Fully replaced by Section 270A (New Section 340). Mentioned for historical reference and pending old cases.
On the ground, changes to Section 271(1)(c) carry a Low impact. Only for old pending litigations.
Sec 271(1)(c)
Provision Summary
The old penalty section for concealment (prior to AY 2017-18).
Sec N/A
Provision Summary
Fully replaced by Section 270A (New Section 340). Mentioned for historical reference and pending old cases.
Key Changes & Highlights
- Replaced to simplify penalty categories into Under-reporting vs Misreporting.
Related Sections
Frequently Asked Questions
What does Section 271(1)(c) of the Income Tax Act 1961 deal with?
Section 271(1)(c) of the Income Tax Act, 1961 covers penalty for concealment of income (old regime). The old penalty section for concealment (prior to AY 2017-18).
Where does Section 271(1)(c) of the ITA 1961 go under the Income-tax Act, 2025?
Section 271(1)(c) of the Income Tax Act, 1961 maps to Section N/A of the Income-tax Act, 2025, effective 1st April 2026 (status: Deleted). Fully replaced by Section 270A (New Section 340). Mentioned for historical reference and pending old cases.
Why does the change to Section 271(1)(c) matter for taxpayers?
The transition impact for Section 271(1)(c) is rated Low. Only for old pending litigations.
What are the key changes to Section 271(1)(c) under the Income-tax Act, 2025?
Replaced to simplify penalty categories into Under-reporting vs Misreporting. These points are specific to Section 271(1)(c) (Penalty for concealment of income (Old Regime)).
Disclaimer: This mapping of Section 271(1)(c) (Penalty for concealment of income (Old Regime)) to Section N/A of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 271(1)(c) is currently marked Deleted, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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