https://www.taxtmi.com/article/detailed?id=15893 Sections 477-479 have been amended to replace rigid custodial sanctions with a graded punishment regime linked to monetary thresholds and to substitute rigorous imprisonment with simple imprisonment. Section 477 penalises failure to remit tax collected at source but provides a safe harbour for timely deposit within the prescribed statement-filing timeline. Section 478 addresses wilful attempts to evade tax or payment, with definitional clauses covering false entries and omissions and preservation of concurrent civil penalties. Section 479 targets wilful non-filing of returns, linking prosecution risk to the revenue impact while distinguishing bona fide errors from deliberate concealment. en-us Tue, 17 Feb 2026 07:30:42 +0530 Tue, 17 Feb 2026 07:30:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15893 Sections 477-479 have been amended to replace rigid custodial sanctions with a graded punishment regime linked to monetary thresholds and to substitute rigorous imprisonment with simple imprisonment. Section 477 penalises failure to remit tax collected at source but provides a safe harbour for timely deposit within the prescribed statement-filing timeline. Section 478 addresses wilful attempts to evade tax or payment, with definitional clauses covering false entries and omissions and preservation of concurrent civil penalties. Section 479 targets wilful non-filing of returns, linking prosecution risk to the revenue impact while distinguishing bona fide errors from deliberate concealment. Articles Budget - Tax Proposals Tue, 17 Feb 2026 07:30:42 +0530 https://www.taxtmi.com/article/detailed?id=15893