1(1) If any person fails to collect the whole or any part of the tax as required
by or under the provisions of Chapter XVII-BB, 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 collect as aforesaid.
(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint
Commissioner.
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1. Ins. by Act 21 of 2006, s. 52 (w.e.f. 1-4-2007).
Section 271C Penalty for failure to deduct tax at source
Section 271CA Penalty for failure to collect tax at source
Section 271D Penalty for failure to comply with the provisions of section 269SS
Section 271DA Penalty for failure to comply with provisions of section 269ST
Section 271E Penalty for failure to comply with the provisions of section 269T
Section 271F Penalty for failure to furnish return of income
Section 271FA Penalty for failure to furnish statement of financial transaction or reportable income
Section 271FB Penalty for failure to furnish return of fringe benefits