Income Tax Law
Income-tax Act, 2025 · CHAPTER XXI — PENALTIES
Section 448Penalty for failure to deduct tax at source
Income-tax Act, 2025 (30 of 2025)
If any person fails to—
(a)deduct the whole or any part of the tax as required under Chapter XIX-B; or
(b)pay or ensure the payment of, the whole or any part of the tax as required by or under—
(i)Note 2 below the Table in section 393(3); or
(ii)Note 6 to section 393(1) (Table: Sl. No. 8), then, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to deduct or pay or ensure payment of, as aforesaid.
(i)Note 2 below the Table in section 393(3); or
(ii)Note 6 to section 393(1) (Table: Sl. No. 8), then, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to deduct or pay or ensure payment of, as aforesaid.
(i)Note 2 below the Table in section 393(3); or
(ii)Note 6 to section 393(1) (Table: Sl. No. 8), then, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to deduct or pay or ensure payment of, as aforesaid.
(i)Note 2 below the Table in section 393(3); or
(ii)Note 6 to section 393(1) (Table: Sl. No. 8), then, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to deduct or pay or ensure payment of, as aforesaid.