Section 115QC, Income-tax Act, 1961 — When company is deemed to be assessee in default

Chapter XII-DA

115QCWhen company is deemed to be assessee in default.

Section 115QC · Chapter XII-DA · page 494 of the Act

If any principal officer of a domestic company and the company does not pay tax on distributed income in accordance with the provisions of section 115QA, then, he or it shall be deemed to be an assessee in default in respect of the amount of tax payable by him or it and all the provisions of this Act for the collection and recovery of income-tax shall apply.

Section 115QC of The Income-tax Act, 1961 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.