Penalty for failure to deduct tax at source

Penalty for failure to deduct tax at source :

Section –  271C. (1) If any person fails to—

(a)  deduct the whole or any part of the tax as required by or under the provisions of Chapter XVII-B; or

(b)  pay the whole or any part of the tax as required by or under—

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

(ii)  the second proviso to section 194B,

then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to deduct or pay as aforesaid.

(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.