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TypeBare Act JurisdictionCentral Government

Finance Act 1968 Section 21

Insertion of New Section 276b

~1 min read
https://sooperkanoon.com/act/14936

Bare act section · Research

About this section

Finance Act 1968 Section 21 is part of Finance Act 1968 - Insertion of New Section 276b. Read the section text below and explore Indian court judgments that cite it.

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Section Text

After section 276A of the Income-tax Act, the following section shall be inserted, namely :-

"276B. Failure to deduct and pay tax. - If a person, without reasonable cause or excuse, fails to deduct or after deducting fails to pay the tax as required by or under the provisions of sub-section (9) of section 80E or Chapter XVII-B, he shall be punishable with rigorous imprisonment for a term which may extent to six months, and shall also be liable to fine which shall be not less than a sum calculated at the rate of fifteen per cent. per annum on the amount of such tax from the date on which such tax was deductible to the date on which such tax is actually paid.".

Frequently asked questions

What does Finance Act 1968 Section 21 provide?

Section Section 21 of the Finance Act 1968 (Insertion of New Section 276b) is reproduced on this page as part of the Finance Act 1968. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Finance Act 1968 Section 21?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance Act 1968 Section 21. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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