Penalty for failure to deduct tax at source

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... by or under- (i) sub-section (2) of section 115-O; 7[****] (ii) the 5[****] proviso to section 194B, 8[(iii) the first proviso to sub-section (1) of section 194R; or (iv) the proviso to sub-section (1) of section 194S; or] 9[(v) sub-section (2) of section 194BA,] then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to de....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Earlier, Amended vide Section 44 of the Finance Act, 1990 w.e.f. 01-04-1990 3. Inserted vide Section 44 of the Finance Act, 1990 w.e.f. 01-04-1990 4. Substituted vide Section 3 of the Finance (No. 2) Act, 1998 w.e.f. 01-10-1998 before it was read as, "Deputy" 5. Omitted vide Section 78 of the Finance Act, 2022 w.e.f. 01-04-2022 before it was read as, ....