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,—
(a) pay to the credit of the Central Government, the tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or
(b) "pay tax or ensure payment of tax to the credit of the Central Government, as required by or under––
(i) sub-section (2) of section 115-O (of Income Tax Act, 1961);
(ii) the proviso to section 194B (of Income Tax Act, 1961);
(iii) the first proviso to sub-section (1) of section 194R (of Income Tax Act, 1961);
(iv) the proviso to sub-section (1) of section 194S (of Income Tax Act, 1961); or
(v) sub-section (2) of section 194BA (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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