271C Income Tax Act - Penalty for failure to deduct tax at source

Section 271c of Income Tax Act 1961 - Penalty for failure to deduct tax at source

1,2 3 (1) If any person fails to-

(a) deduct the whole or any part of the tax as required by or under the provisions of Chapter XVII-B; or

(b) pay the whole or any part of the tax as required by or under-

(i) sub-section (2) of section 115-O; or

(ii) the second proviso to section 194B, 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 deduct or pay as aforesaid.

4 (2) Any penalty imposable under sub-section (1) shall be imposed by the 5 Joint Commissioner.
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1. Ins. by Act 4 of 1988, s. 108, (w.e.f. 1-4-1989).

2. Subs. by Act 26 of 1997, s. 53, for sub-section (1), (w.e.f. 1-6-1997). Earlier it was amended by Act 12 of 1990, s. 44 (w.e.f. 1-4-1990).

3. Section 271C renumbered as sub-section (1) thereof by Act 12 of 1990, s. 44 (w.e.f. 1-4-1990).

4. Ins. by s. 44, ibid (w.e.f. 1-4-1990).

5. Subs. by Act 21 of 1998, s. 3, for "Deputy Commissioner" (w.e.f. 1-10-1998).