What is Failure to comply with the provisions of sections 269UC, 269UE and 269UL? What is Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B? Section 276AB and 276B of Income Tax Act 1961

Failure to comply with the provisions of sections 269UC, 269UE and 269UL and Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B are defined under section 276AB and 276B of Income Tax Act 1961. Provisions under these Sections are:

Section 276AB of Income Tax Act "Failure to comply with the provisions of sections 269UC, 269UE and 269UL"

Section 276AB. Whoever fails to comply with the provisions of section 269UC or fails to surrender or deliver possession of the property under sub-section (2) of section 269UE or contravenes the provisions of sub-section (2) of section 269UL shall be punishable with rigorous imprisonment for a term which may extend to two years and shall also be liable to fine :

Provided that in the absence of special and adequate reasons to the contrary to be recorded in the judgment of the court, such imprisonment shall not be for less than six months.

 

Section 276B of Income Tax Act "Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B"

Section 276B. If a person fails to pay to the credit of the Central Government,-

(a) the tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or

(b) the tax payable by him, as required by or under-

(i) sub-section (2) of section 115-O; or
(ii) the second proviso to section 194B,

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.

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