§ 449
Chapter XXI — Penalties
Penalty for failure to collect tax at source
Income-tax Act, 2025
If a person does not collect the entire tax required under the TDS provisions, the Assessing Officer can impose a penalty equal to the amount of tax that was not collected. This penalty also applies to non‑compliance with the provisions of section 185.
📜 Official text of the section +
449. 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.
Penalty for failure to comply with provisions of section 185.
Plain-language summary — not the official text. Refer to the bare Act and confirm with a professional for your specific case.
Related sections
§ 439Penalty for under-reporting and misreporting of income§ 440[ (1) An assessee may make an application to the Assessing Officer to grant§ 441Failure to keep, maintain or retain books of account, documents, etc§ 442Penalty for Non‑Compliance with Transaction Reporting§ 443Penalty in respect of certain income§ 444Penalty for false entry, etc., in books of account