Insertion of new section 271CA
Section 52 of the Finance Act, 2006 deals with insertion of new section 271CA. Insertion of new section 271CA. 52. After section 271C of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2007, namely:— "271CA.
Insertion of new section 271CA.
52. After section 271C of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2007, namely:—
"271CA. Penalty for failure to collect tax at source.— (1) If any person fails to collect the whole or any part of the tax as required by or under the provisions of Chapter XVII-BB, then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to collect as aforesaid.
(2) Any penalty imposable under sub-section (1) shall be imposed by the Joint Commissioner.".
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Section 52, The Finance Act, 2006.
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Questions about Section 52
What does Section 52 of the Finance Act deal with?
Section 52 of the Finance Act is headed "Insertion of new section 271CA". Insertion of new section 271CA. 52. After section 271C of the Income-tax Act, the following section shall be inserted with effect from the 1st day of April, 2007, namely:— "271CA.
How do I find court cases under Section 52 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 2006 52, section 52 Finance Act 2006, section 52 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 52 of the Finance Act, and has it changed?
Its own text turns on Income-tax Act 271C (Penalty for failure to deduct tax at source), so none of them can safely be read on its own.
When was the Finance Act enacted?
Finance Act was enacted in 2006. India Code records no commencement date for it. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule7285 words
- 2. Income-tax2665 words
- 4. Amendment of section 10604 words
- 3. Amendment of section 2556 words
- 20. Insertion of new section 90A531 words
- 33. Insertion of new section 139B512 words
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