Penalty for failure to deduct tax at source

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... any part of the tax as required by or under- ( i ) sub-section (2) of section 115-O; 7 [ **** ] ( ii ) the 5 [ **** ] proviso to section 194B, 8 [ (iii) the first proviso to sub-section (1) of section 194R; or (iv) the proviso to sub-section (1) of section 194S; or ] 9 [ (v) sub-section (2) of section 194BA, ] then, such person shall be liable to pay, by way of penal .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... um equal to the amount of the tax which he failed to deduct as aforesaid. 3. Inserted by the Finance Act, 1990, w.e.f. 1-4-1990. 4. Substituted for Deputy by the Finance (No. 2) Act, 1998, w.e.f. 1-10-1998. 5. Omitted vide Finance Act, 2022 w.e.f. 01-04-2022 before it was read as second 6. Substituted vide THE FINANCE ACT, 2023 dated 31-03-2023 w.e.f. 01-04-2023 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X