Income Tax Law
Income-tax Act, 2025 · CHAPTER XXI — PENALTIES

Section 449Penalty for failure to collect tax at source

Income-tax Act, 2025 (30 of 2025)
(1)
If any person fails to collect the whole or any part of the tax as required under Chapter XIX-B, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to collect.
Referenced by
§ 470 Penalty not to be imposed in certain cases