TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Offence for failing to remit tax under section 393; jail three months-seven years, safe harbour if credited by section 397(3)(b)</h1> The provision creates a criminal offence for a person who fails to remit tax deducted or required to be paid/ensured under Chapter XIX-B and specified Notes to section 393, punishable by rigorous imprisonment (three months to seven years) and a fine, with a narrow safe harbour if the payment is credited to the Central Government on or before the time prescribed for filing the statement under section 397(3)(b). The Act's text mainly refines wording and changes the cross-reference from Note 3 to Note 2 in section 393(3); other differences are editorial only.
TaxTMI 
TaxTMI 