Section-448: Penalty for failure to deduct tax at source

Section-448 : Penalty for failure to deduct tax at source

Section-448 seeks to provide for imposition of penalty for failure to deduct tax at source. Learn to understand the section-448 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-448 as per act

If any person fails to—
1. deduct the whole or in part, the tax as required under Chapter XIX-B; or
2. pay or ensure the payment of, the whole or any part of the tax as required by or under—
  1. Note 3 in Table in section 393(3); or
  2. Note 6 to section 393(1) (Table: Sl. No. 8), then, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to deduct or pay or ensure payment of, as aforesaid.