Penalty for failure to collect tax at source.
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.
Section 449: Penalty for failure to collect tax at source
The Income-tax Act, 2025Central Act · Act 30 of 2025
Where this provision sits
| Act | The Income-tax Act, 2025 |
|---|---|
| Section | 449 |
| Marginal note | Penalty for failure to collect tax at source |
| Jurisdiction | Central |
| Status | In force as published by the source |
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