Punishment for repeat tax offences expanded to include failure to credit tax collected at source, extending prosecution scope. The amendment inserts section 276BB after section 276B in section 278A, thereby subjecting failures to credit tax collected at source to the same ... Summary
Punishment for repeat tax offences expanded to include failure to credit tax collected at source, extending prosecution scope.
The amendment inserts section 276BB after section 276B in section 278A, thereby subjecting failures to credit tax collected at source to the same punishment framework for second and subsequent offences as failures to credit tax deducted at source; the change is effective from 1st April, 2022.
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