Section No. |
Nature of default |
Penalty |
Officer who
shall impose
the penalty |
No penally for
reasonable
cause i.e.
whether section
273 is
applicable |
1 |
2 |
3 |
4 |
5 |
271CA |
Failure to collect the whole or any part of tax as required by or under the provisions of Chapter XVIIBB |
Sum equal to the amount of tax which he / it failed to collect |
Joint Commissioner |
Yes |
272A(2)(g) |
Failure to furnish certificate as required under section 206C |
Rs. 100 for every day during which the failure continues but the penalty shall not exceed the amount of tax collected |
Joint Commissioner |
Yes |
272A(2)(/) |
Failure to deliver or cause it to be
delivered a copy of declaration under Form No. 27C in due time |
Rs. 100 for every day during which the failure continues but the penalty shall not exceed the amount of tax collected |
Joint Commissioner |
Yes |
272A(2)(k) |
Failure to deliver or cause to be delivered statement within the time prescribed in proviso to Section 206C (3) (Not applicable on or after 1.7.2012. ) |
Rs. 100 for every day during which the failure continues The penalty shall not exceed the amount of tax collectible at source |
Joint Commissioner |
Yes |
272A(2)(m) |
Failure to deliver or cause to be delivered a statement within the time as may be
prescribed under section 206C(3A) |
Rs. 100 for every day during which the failure continues |
Joint
Commissioner |
Yes |
276BB |
Failure to pay the tax collected at source |
Punishable with rigorous imprisonment for a term which shall not be less than3 months but which may extend to 7 years and with fine. |
With previous sanction of Principal Chief Corn-missioner or Chief Commissioner/ Principal
Commissioner or Commissioner/ Principal Director General or Director General |
Yes |
