Section-476: Failure to pay tax to credit of Central Government under Chapter XIX-B

Section-476 : Failure to pay tax to credit of Central Government under Chapter XIX-B

Section-476 seeks to provide for punishment for failure to pay tax to the credit of Central Government as required under Chapter XIX-B. Learn to understand the section-476 as it is, it's help and useful links to follow.

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

1. Section-476 as per act

If a person fails to—
1. pay to the credit of the Central Government, the tax deducted at source by him as required by or under the provisions of Chapter XIX-B; or
2. pay tax or ensure payment of tax to the credit of the Central Government, as required under—
  1. Note 3 in Table in section 393(3); or
  2. Note 6 to section 393(1) (Table: Sl. No. 8)
  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 shall also be liable to fine.
The provisions of this section shall not apply if the payment referred to in sub-section (1)(a) has been credited to the Central Government on or before the time prescribed for filing the statement for such payment under section 397(3)(b).