Failure to remit tax collected at source creates criminal liability, punishable by imprisonment and fine. The amendment inserts Section 276BB creating criminal liability where a person who collects tax under section 206C fails to pay such tax to the credit of ... Summary
Failure to remit tax collected at source creates criminal liability, punishable by imprisonment and fine.
The amendment inserts Section 276BB creating criminal liability where a person who collects tax under section 206C fails to pay such tax to the credit of the Central Government, and prescribes rigorous imprisonment and a fine as punishment, with specified minimum and maximum terms.
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