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of <h1>Income Tax Act Update: Section 201 Amended to Impose 6% Interest on Unpaid Deducted Tax; New Liability Conditions Added.</h1> Section 201 of the Income-tax Act is amended by replacing 'wilfully' with 'without good and sufficient reasons' in sub-section (1). A new sub-section (1A) is added, imposing a liability to pay simple interest at six percent per annum on unpaid deducted tax from the due date until payment. Additionally, sub-section (2) is modified to include that the tax amount, along with the interest specified in sub-section (1A), shall constitute a charge.
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