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TypeBare Act JurisdictionCentral Government

Finance (No.2) Act, 2004 Section 105

Penalty for failure to collect or pay securities transaction tax: Any assessee who

~1 min read
https://sooperkanoon.com/act/454583

Bare act section · Research

About this section

Finance (No.2) Act, 2004 Section 105 is part of Finance (No.2) Act, 2004 - Penalty for failure to collect or pay securities transaction tax: Any assessee who. Read the section text below and explore Indian court judgments that cite it.

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Section Text

a) fails to collect the whole or any part of the securities transaction tax as required under section 100; or (b) having collected the securities transaction tax, fails to pay such tax to the credit of the Central Government in accordance with the provisions of sub-section (3) of that section, shall be liable to pay,--

(i) in the case referred to in clause (a), in addition to paying the tax in accordance with the provisions of sub-section (4) of that section, or interest, if any, in accordance with the provisions of section 104, by way of a penalty, a sum equal to the amount of securities transaction tax that he failed to collect; and (ii) in the case referred to in clause (b), in addition to paying the tax in accordance with the provisions of sub-section (3) of that section and interest in accordance with the provisions of section 104, by way of penalty, a sum of one thousand rupees for every day during which the failure continues, so, however, that the penalty under this clause shall not exceed the amount of securities transaction tax that it failed to pay.

Frequently asked questions

What does Finance (No.2) Act, 2004 Section 105 provide?

Section Section 105 of the Finance (No.2) Act, 2004 (Penalty for failure to collect or pay securities transaction tax: Any assessee who) is reproduced on this page as part of the Finance (No.2) Act, 2004. 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 (No.2) Act, 2004 Section 105?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Finance (No.2) Act, 2004 Section 105. 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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