|
Failure to deduct the whole or any part of the tax deducted at
source as required under Sections 192 to 206B in
Chapter XVIIB of the Income Tax Act.
|
Sum
equal to the amount of tax which was due for deduction
but was not deducted. |
Joint
Commissioner |
Section
271C |
|
Failure to deliver or cause to be delivered on time, a copy of
declaration in Form No. 15G/ 15H as per Section
197A.
|
Rs. 100
for every day during which the failure continues but
the penalty shall be restricted to the amount of tax
deductible. |
Chief
Commissioner |
Section
272A(2)(f) |
|
Failure to issue TDS certificates u/s 203
|
Rs. 100
for every day during which the failure continues. |
Joint
Commissioner |
Section
272A(2)(g) |
|
Failure to deliver or cause to be delivered on time, a copy of
the Quarterly statement within the time specified u/s
200(3)
|
Rs. 100
for every day during which the failure continues but
penalty restricted to the amount of tax payable. |
Joint
Commissioner |
Section
272A(2)(k) |
|
Failure to apply for allotment of TDCAN (Tax Deduction
Account Number) and failure to quote TDCAN in challans,
certificates and statements or quote a number which is false,
and which he either knows or believes to be false or does not
believe to be true.
|
Rs.
10,000 |
Assessing
Officer |
Section
272BB |
|
Failure to
pay tax deducted at source to the credit of Central Govt. |
Punishable with rigorous imprisonment for a term
of atleast THREE months, which may be extended
to SEVEN years along with fine.
|
Previous
sanction of Commissioner. |
Section
276B |