Failure to pay tax to the Government under specified TDS and payment provisions attracts mandatory imprisonment and fine. The substituted section 276B makes failure to pay to the credit of the Central Government the tax deducted at source under Chapter XVII-B, or the tax ... Summary
Failure to pay tax to the Government under specified TDS and payment provisions attracts mandatory imprisonment and fine.
The substituted section 276B makes failure to pay to the credit of the Central Government the tax deducted at source under Chapter XVII-B, or the tax payable under the provisions dealing with certain distribution and specified payments, a punishable offence carrying rigorous imprisonment for not less than three months and up to seven years and a fine.
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