Income-tax Act, 1961Section 234G
- ₹200 per day for late statements by institutions receiving donations
Applies to FY 2025-26 (AY 2026-27) and earlier years.
IT Act 1961 → 2025 / Section 234G
InterestSection 234G → Section 429
Late fee for donation and research-contribution statements (Form 10BD/10BE)
Section 234G of the old Income-tax Act, 1961 · new section 429 under the Income-tax Act, 2025
New reference Section 429
Income-tax Act, 2025Section 429
- Same ₹200 per day, now section 429
- Capped at the amount of the failure
Applies from tax year 2026-27 (from 1 April 2026).
What changed
Renumbered.
Practice notes
- Donors' 80G claims (section 133) depend on these statements.
Frequently asked
What is the late fee for Form 10BD under the new Income Tax Act 2025?
₹200 per day under section 429 (old 234G).
What is section 234G called in the new Income-tax Act, 2025?
Section 234G of the Income-tax Act, 1961 corresponds to Section 429 of the Income-tax Act, 2025, which applies from 1 April 2026 (tax year 2026-27).
What changed in section 234G under the new Income Tax Act?
Renumbered.
Is section 234G still applicable for FY 2025-26?
Yes. Income of FY 2025-26 (AY 2026-27) and earlier years is governed by section 234G of the 1961 Act. Section 429 of the 2025 Act applies from tax year 2026-27.