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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