https://www.taxtmi.com/acts?id=53212 The amendment to section 476 creates a graded penal scheme for failure to pay tax deducted at source or to ensure payment of tax for winnings from online games and consideration for transfer of virtual digital assets (excluding wholly in kind amounts), prescribing imprisonment up to two years or fines where unpaid tax exceeds fifty lakh rupees, imprisonment up to six months or fines where unpaid tax exceeds ten lakh but does not exceed fifty lakh rupees, and fine in other cases. en-us Sun, 01 Feb 2026 15:32:51 +0530 Sun, 01 Feb 2026 15:32:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53212 The amendment to section 476 creates a graded penal scheme for failure to pay tax deducted at source or to ensure payment of tax for winnings from online games and consideration for transfer of virtual digital assets (excluding wholly in kind amounts), prescribing imprisonment up to two years or fines where unpaid tax exceeds fifty lakh rupees, imprisonment up to six months or fines where unpaid tax exceeds ten lakh but does not exceed fifty lakh rupees, and fine in other cases. Act-Rules Bills Sun, 01 Feb 2026 15:32:51 +0530 https://www.taxtmi.com/acts?id=53212