https://www.taxtmi.com/acts?id=3449 Failure to pay tax collected at source to the credit of the Central Government under section 206C attracts punishment under section 276BB. The punishment depends on the amount involved: simple imprisonment up to two years, or fine, or both where the amount exceeds fifty lakh rupees; simple imprisonment up to six months, or fine, or both where the amount exceeds ten lakh rupees but does not exceed fifty lakh rupees; and fine in any other case. The provision does not apply where the tax is paid on or before the time prescribed for filing the relevant statement. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 01 Apr 2026 11:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3449 Failure to pay tax collected at source to the credit of the Central Government under section 206C attracts punishment under section 276BB. The punishment depends on the amount involved: simple imprisonment up to two years, or fine, or both where the amount exceeds fifty lakh rupees; simple imprisonment up to six months, or fine, or both where the amount exceeds ten lakh rupees but does not exceed fifty lakh rupees; and fine in any other case. The provision does not apply where the tax is paid on or before the time prescribed for filing the relevant statement. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3449