Section 271E → Section 352
Penalty for failure to comply with the provisions of section 269T
Quick Answer
Section 271E of the Income Tax Act, 1961 (Penalty for failure to comply with the provisions of section 269T) corresponds to Section 352 of the Income-tax Act, 2025, effective 1st April 2026. Status: Retained.
What changed for Section 271E
Under the Income Tax Act, 1961, Section 271E governs penalty for failure to comply with the provisions of section 269t. Penalty equal to the amount of loan or deposit repaid in cash (in violation of 269T).
Under the Income-tax Act, 2025 (effective 1st April 2026), Section 271E is retained and renumbered as Section 352 of the Income-tax Act, 2025. Retained. Companion to 271D.
The transition impact on Section 271E is assessed as High. Deters the cash economy.
Sec 271E
Provision Summary
Penalty equal to the amount of loan or deposit repaid in cash (in violation of 269T).
Sec 352
Provision Summary
Retained. Companion to 271D.
Key Changes & Highlights
- None.
Related Sections
Frequently Asked Questions
Which subject does Section 271E of the 1961 Act cover?
Section 271E of the Income Tax Act, 1961 covers penalty for failure to comply with the provisions of section 269t. Penalty equal to the amount of loan or deposit repaid in cash (in violation of 269T).
What is the new section number for Section 271E under the Income-tax Act, 2025?
Section 271E of the Income Tax Act, 1961 maps to Section 352 of the Income-tax Act, 2025, effective 1st April 2026 (status: Retained). Retained. Companion to 271D.
How does the Income-tax Act, 2025 affect Section 271E in practice?
The transition impact for Section 271E is rated High. Deters the cash economy.
What is new about Section 271E under the Income-tax Act, 2025?
None. These points are specific to Section 271E (Penalty for failure to comply with the provisions of section 269T).
Disclaimer: This mapping of Section 271E (Penalty for failure to comply with the provisions of section 269T) to Section 352 of the Income-tax Act, 2025 is for educational and reference purposes only, based on publicly available drafts and circulars. As Section 271E is currently marked Retained, always confirm its treatment with a qualified Chartered Accountant before filing or making compliance decisions.
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