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

If a person fails to pay to the credit of the Central Government,—

1. (a) the tax deducted at source by him as required by or under the provisions of Chapter XVII-B; or
2. (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.]

¹ Ins. by Act 20 of 2002, s. 107 (w.e.f. 1-6-2002).

² Ins. by Act 4 of 1988, s. 117 (w.e.f. 1-4-1989).