Amendment to section 276B removes the 'second' qualifier, clarifying failure-to-pay withholding liability, effective April 2022. Clause 80 amends the Income-tax Act by omitting the word "second" from clause (b)(ii) of section 276B, thereby aligning the penalty provision addressing ... Summary
Amendment to section 276B removes the 'second' qualifier, clarifying failure-to-pay withholding liability, effective April 2022.
Clause 80 amends the Income-tax Act by omitting the word "second" from clause (b)(ii) of section 276B, thereby aligning the penalty provision addressing failure to pay tax to the credit of the Central Government with the current proviso structure of the withholding provision (noting that the first proviso to section 194B was earlier omitted) and taking effect from 1st April, 2022.
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