Failure to pay tax to the credit of Central Government under Chapter XII-D or XVII-B.

276B. If a person fails to ²[pay to the credit of the Central Government],—

 (a) ³[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

⁴[(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]

⁵[(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.

 ^6. [Provided that the provisions of this section shall not apply if the payment referred to in clause (a) has been made to the credit of the Central Government at any time on or before the time prescribed for filing the statement for such payment under sub-section (3) of section 200]

Notes:

1. Omitted by Finance Act, 2022 dated 30.03.2022 w.e.f. 01.04.2022

2. Omitted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.04.2023.

3. Substituted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.04.2023.

for the words

the tax deducted

The following shall be substituted namely-

pay to the credit of the Central Government, the tax deducted 

4. Substituted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.04.2023.

for the Clause(b)

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

  (i) sub-section (2) of section 115-O; or

 (ii) the ¹[second] proviso to section 194B, 

The following clause shall be substituted namely-

(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

 5. Inserted by the Finance Act, 2023 dated 01.02.2023 w.e.f 01.07.2023.

6. Inserted by Finance Bill 2024 dated  07.08.2024 w.e.f 01.10.2024