Section 271CACentral Act

Section 271CA: [ Penalty for failure to collect tax at source. [ Inserted by Act 21 of 2006, Section 52 (w.e.f. 1.4.2007).]

The Income-tax Act, 1961

[ Penalty for failure to collect tax at source. [ Inserted by Act 21 of 2006, Section 52 (w.e.f. 1.4.2007).]

(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.]

Sec 271C — [ Penalty for failure to deduct tax at source. [ Inserted by Act 4 of 1988, Section 108 (w.e.f. 1.4.1989).]

Sec 271D — Penalty for failure to comply with the provisions of section 269-SS

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