Home > Income Tax Act 2025 > Section-398Last Updated: Oct 01st 2025
Section-398 seeks to provide for consequence for failure to deduct or collect or pay tax. Learn to understand the section-398 as it is, it's help and useful links to follow.
Here onwards, "Act" refers to "Income Tax Act 2025"
the whole or any part of the tax, as required under this Chapter, on the amount paid or credited to the account of payee or, on the amount collected or debited to the account of the buyer or licensee or lessee, as the case may be, shall not be deemed to be an assessee in default in respect of such tax, if the payee or buyer or licensee or lessee has—
and the person furnishes a certificate to this effect from an accountant in the form as may be prescribed.
whichever is later.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.