Section 449, Income-tax Act, 2025 — Penalty for failure to collect tax at source

Chapter XXI · Penalties

449Penalty for failure to collect tax at source.

Section 449 · Chapter XXI · page 535 of the Act

If any person fails to collect the whole or any part of the tax as required under Chapter XIX-B, the Assessing Officer may impose on him, a penalty equal to the tax which such person failed to collect.

Section 449 of The Income-tax Act, 2025 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.