Income-tax Act, 2025 · CHAPTER XXII — OFFENCES AND PROSECUTION

Section 476Failure to pay tax to credit of Central Government under Chapter XIX-B

Income-tax Act, 2025 (30 of 2025)

(1)

If a person fails to—

(a)pay the tax deducted at source by him to the credit of the Central Government, as required by or under the provisions of Chapter XIX-B; or

(b)pay tax or ensure payment of tax to the credit of the Central Government, as required under—

(i)Note 2 below the Table in section 393(3); or

(ii)Note 6 to section 393(1) (Table: Sl. No. 8), 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.

(2)

The provisions of this section shall not apply if the payment referred to in sub-section (1)(a) has been made to the credit of the Central Government on or before the time prescribed for filing the statement under section 397(3)(b) in respect of such payment.

This section refers to

§ 393 Tax to be deducted at source.

§ 397 Compliance and reporting

Referenced by

§ 485 Punishment for second and subsequent offences

§ 486 Punishment not to be imposed in certain cases

§ 491(1)

§ 492 Certain offences to be non-cognizable