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of <h1>Tax Collection Failure Now Carries Heavy Penalties: Uncollected Tax Amounts Trigger Automatic Fines and Potential Imprisonment</h1> Legal document details tax collection penalties and prosecution under Income Tax Act. Section 271CA imposes a penalty equal to the uncollected tax amount for failure to collect tax at source. From April 2025, the Assessing Officer will impose penalties. Section 276BB prescribes imprisonment and fines for non-payment of collected tax. Reasonable cause defense is available under Section 273B, providing protection against automatic penalties. The provisions aim to ensure compliance with tax collection requirements.
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