https://www.taxtmi.com/acts?id=11897 Failure to remit taxes withheld or collected at source, dividend distribution tax, or tax on distributed income constitutes a statutory criminal offence carrying prescribed rigorous imprisonment and a monthly monetary penalty on the tax amount for the period of default; a defence of reasonable cause is available only for failures relating to taxes deducted or collected at source. en-us Fri, 17 Sep 2010 11:47:09 +0530 Fri, 17 Sep 2010 11:47:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11897 Failure to remit taxes withheld or collected at source, dividend distribution tax, or tax on distributed income constitutes a statutory criminal offence carrying prescribed rigorous imprisonment and a monthly monetary penalty on the tax amount for the period of default; a defence of reasonable cause is available only for failures relating to taxes deducted or collected at source. Act-Rules Bill Fri, 17 Sep 2010 11:47:09 +0530 https://www.taxtmi.com/acts?id=11897