Section - 276B (of Income Tax Act, 1961), Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Section - 276B (of Income Tax Act, 1961), Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B.
If a person fails to pay to the credit of the Central Government,—
(a) the tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or
(b) the tax payable by him, as required by or under—
(i) sub-section (2) of section 115-O (of Income Tax Act, 1961); or
(ii) the proviso to section 194B (of Income Tax Act, 1961), he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine.
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