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 Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Deleted.
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 Mentioned for historical reference and pending old cases.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) (Penalty for concealment of income (Old Regime)) The old penalty section for concealment (prior to AY 2017-18).
What is the new section number for Section 271(1)(c) under the Direct Tax Code 2025?
Section 271(1)(c) of the ITA 1961 maps to Section N/A of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 271(1)(c) under the new tax code?
Section 271(1)(c) is marked as "Deleted" with status "Legacy". Impact: Low - Only for old pending litigations.
What are the key changes to Section 271(1)(c) under DTC 2025?
Replaced to simplify penalty categories into Under-reporting vs Misreporting.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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