https://www.taxtmi.com/acts?id=11012 Failure to remit tax deducted or collected at source under sub chapter A or B of Chapter XI, or dividend distribution tax under section 207, attracts criminal liability with rigorous imprisonment up to two years and a fine. The fine is mandatory and fixed at not less than three per cent of the tax for each month or part of a month from the date the amount was due until payment or conviction, whichever occurs earlier. en-us Thu, 20 Aug 2009 13:58:32 +0530 Thu, 20 Aug 2009 13:58:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11012 Failure to remit tax deducted or collected at source under sub chapter A or B of Chapter XI, or dividend distribution tax under section 207, attracts criminal liability with rigorous imprisonment up to two years and a fine. The fine is mandatory and fixed at not less than three per cent of the tax for each month or part of a month from the date the amount was due until payment or conviction, whichever occurs earlier. Act-Rules Bills Thu, 20 Aug 2009 13:58:32 +0530 https://www.taxtmi.com/acts?id=11012