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What is the amount of penalty levied under section 271C?

FAQs on Penalty provision under IT Act

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Penalty under section 271C equals the amount of tax not deducted or paid by the responsible person.
A penalty is imposed on a person who fails to deduct or pay tax; the penalty equals the amount of tax which that person failed to deduct or to pay. Summary

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Income Tax - Frequently Asked Questions (FAQs)

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What is the amount of penalty levied under section 271C?

FAQs on Penalty provision under IT Act

Penalty under section 271C equals the amount of tax not deducted or paid by the responsible person.

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Penalty under section 271C equals the amount of tax not deducted or paid by the responsible person.

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