Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B
Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B.
276B. If a person fails to 64[***],—
(a) 65[pay to the credit of the Central Government, the tax deducted] at source by him as required by or under the provisions of Chapter XVII-B; or
66[(b) "pay tax or ensure payment of tax to the credit of the Central Government, as required by or under––
(i) sub-section (2) of section 115-O;
(ii) the proviso to section 194B;
(iii) the first proviso to sub-section (1) of section 194R;
(iv) the proviso to sub-section (1) of section 194S; or]
67[(v) sub-section (2) of section 194BA,]
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.
64. Words "pay to the credit of the Central Government" omitted by the Finance Act, 2023, w.e.f. 1-4-2023.
65. Substituted for "the tax deducted" by the Finance Act, 2023, w.e.f. 1-4-2023.
66. Substituted by the Finance Act, 2023, w.e.f. 1-4-2023. Prior to its substitution, clause (b), as amended by the Finance Act, 2022, w.e.f. 1-4-2022, read as under:
"(b) the tax payable by him, as required by or under—
(i) sub-section (2) of section 115-O; or
(ii) the proviso to section 194B,"
67. Inserted by the Finance Act, 2023, w.e.f. 1-7-2023.