Supreme Court High Court Judgment updates| taxation GST laws| NRI help

276B Income Tax Act -  Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B

Section 276b of Income Tax Act 1961 -  Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B

If a person fails to pay to the credit of the Central Government,-

(a) the tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or

(b) the tax payable by him, as required by or under-

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

(ii) the second proviso to section 194B, he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine.
----------------------

1. Subs. by Act 26 of 1997, s. 56, for section 276B (w.e.f. 1-6-1997).
2. Subs. by Act 41 of 1975, s. 68, for section 276B and 276C (w.e.f. 1-10-1975). Earlier section 276C was inserted by Act 42 of 1970, s. 52 (w.e.f. 1-4-1971) and section 276B was inserted by Act 19 of 1968, s. 21 (w.e.f. 1-4-1968) and later on section 276B amended by Act 46 of 1986, s. 27 (w.e.f. 10-9-1986).

About Us | Privacy Policy | Disclaimer | Sitemap