Section 448 Income Tax Act 2025 Penalty for failure to deduct tax at source.

Section 448 Income Tax Act 2025

Penalty for failure to deduct tax at source.

448 . If any person fails to—

(a)

deduct the whole or any part of the tax as required under Chapter XIX-B; or

(b)

pay or ensure the payment of, the whole or any part of the tax as required by or under—

(i)

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

(ii)

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

then, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to deduct or pay or ensure payment of, as aforesaid.