Home Acts & Rules Income Tax Act Income-tax Act, 1961 Chapters List Chapter XXII OFFENCES AND PROSECUTIONS This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Section 276B - Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B - Income-tax Act, 1961Extract 1 [Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B. 276B. If a person fails to 3 [ **** ] ,- ( a ) 4 [ 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 5 [ (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; (ii) the proviso to section 194B; (iii) the first proviso to sub-section (1) of section 194R; (iv) the proviso to sub-section (1) of section 194S; or ] 6 [ (v) sub-section (2) of section 194BA, ] 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.] ------------------------ Notes :- 1. Substituted by the Finance Act, 1997, w.e.f. 1-6-1997. Prior to its substitution, section 276B, as inserted by the Finance Act, 1968, w.e.f. 1-4-1968 and later on substituted by the Taxation Laws (Amendment) Act, 1975, w.e.f. 1-10-1975 and amended by the Taxation Laws (Amendment Miscellaneous Provisions) Act, 1986, w.e.f. 10-9-1986 and further substituted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989, read as under : 276B . Failure to pay the tax deducted at source .- If a person fails to 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, 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. 2. Omitted vide Finance Act, 2022 w.e.f. 01-04-2022 before it was read as second 3. Omitted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, pay to the credit of the Central Government 4. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, the tax deducted 5. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 before it was read as, ( b ) the tax payable by him, as required by or under- ( i ) sub-section (2) of section 115-O; or ( ii ) the 2 [ **** ] proviso to section 194B, 6. Inserted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-07-2023
|