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of <h1>Penalty equals unpaid TDS amount under Income Tax Act; Assessing Officer to impose from April 1, 2025, per amended rules.</h1> A person who fails to deduct or pay the required tax at source under specified provisions of the Income Tax Act is liable to pay a penalty equal to the amount of tax not deducted or paid. This includes failures related to various sections governing tax deduction and payment obligations. The penalty is imposed by the Joint Commissioner, except from April 1, 2025, when the Assessing Officer will impose it. The provisions have been amended over time to include additional sections and clarify the authority responsible for imposing penalties.
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