Section 429
Section 429: fee for default relating to statement or certificate
Section 429 is a daily late fee aimed at institutions rather than individual taxpayers - research associations, universities, colleges, companies and charitable institutions/funds that fail to deliver a prescribed statement or certificate connected with donations or contributions they have received.
This explanation is AI-assisted and pending review by our CA/CS team. It is general information, not professional advice - always cross-check against the bare law text above or talk to our tax team for guidance specific to your situation.
What Section 429 says
"Without prejudice to the provisions of this Act, where-- (a) the research association, University, college or other institution referred to in section 45(3)(a) or the company referred to in section 45(3)(b) fails to deliver or cause to be delivered the documents as may be prescribed in section 45(4)(a) within the time as may be prescribed therein or furnish a certificate as may be prescribed under section 45(4)(a); or (b) the institution or fund fails to deliver or cause to be delivered a statement under section 354(1)(e), within the time as may be prescribed under that section, or furnish a certificate as may be prescribed under section 354(1)(g), it shall be liable to pay, by way of fee, a sum of ₹200 for every day during which the failure continues."
This fee must not exceed the amount in respect of which the failure occurred, and must be paid before delivering (or causing to be delivered) the statement, or before furnishing the certificate.
| Parameter | Detail |
|---|---|
| Who this applies to | Research association, university, college or institution under Section 45(3)(a); company under Section 45(3)(b); institution or fund under Section 354(1) |
| Default | Failing to deliver a prescribed document/statement or furnish a prescribed certificate on time under Section 45(4)(a) or Section 354(1)(e)/(g) |
| Fee rate | ₹200 for every day the failure continues |
| Cap | Not to exceed the amount in respect of which the failure occurred |
| When payable | Before delivering the statement or furnishing the certificate |
Frequently asked questions
Who is liable to pay the fee under Section 429?
A research association, university, college or other institution under Section 45(3)(a), a company under Section 45(3)(b), or an institution or fund under Section 354(1) that fails to deliver a prescribed statement, document or certificate on time.
What is the fee amount under Section 429?
₹200 for every day the failure continues, capped at the amount in respect of which the failure occurred.
Related sections
Want this applied to your actual filing, not just explained?
Get help with a Section 429 statement or certificate defaultLast updated 9 September 2026