Chapter XII-DASPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC )
Part CProcedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM )
Chapter XX-BREQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT )
Penalty for failure to deduct tax: liable to pay an amount equal to the tax not deducted or paid. A person who fails to deduct tax under Chapter XVII-B or to pay or ensure payment under specified withholding provisos is liable to a penalty equal to the ... Summary
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Penalty for failure to deduct tax: liable to pay an amount equal to the tax not deducted or paid.
A person who fails to deduct tax under Chapter XVII-B or to pay or ensure payment under specified withholding provisos is liable to a penalty equal to the amount of tax not deducted or paid, with the statute designating the competent assessing authority to impose that penalty.
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