Section – 271BB : Failure to subscribe to the eligible issue of capital
March 7, 2018
Section – 271CA : Penalty for failure to collect tax at source
March 7, 2018

Section – 271C : Penalty for failure to deduct tax at source

271C. (1) If any person fails to—

(a) deduct the whole or any part of the tax as required by or under the provisions of Chapter XVII-B; or

(b) pay the whole or any part of the tax as required by or under—

(i) sub-section (2) of section 115-O; or

(ii) the second proviso to section 194B,

then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to deduct or pay as aforesaid.

(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.

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