Amendment status not verified — confirm the current text below against the official source.
DEDUCTION OF TAX AT SOURCE: (1) The tax payable under this Act by any person in the employment of any Government, local authority, company, firm or other association of persons shall in the manner prescribed, be deducted by the principal officer thereon from any amoun payable to such person on behalf of such Government, local authority company, firm or other association of persons. (2) The principal officer making any deduction under sub-section (1) shall submit to the as- sessing authority such return and within such time as may be prescribed. (3) The assessing authority may take action, if he thinks fit in the manner provided under sub- section (2) of section 7 and under secdon 8, in the case of any person in respect of whom he is satisfied that no return under sub-section (2) of section 7 has been furnished or a return furnished under that sub- section is inaccurate or deficient. Ex-514/95 - 5 - (4) Where any principal officer fails to deduct any tax or after deducting fails to pay it as required by or under this Act, he shall, without prejudice any other consequences he may incur under this Act, be deemed to be a person in default in respect of the tax not deducted or paid and all the provisions section 19 shall apply to him Provided that the assessing authority shall not make a direction under sub-section (2) of section 19 for the recovery of any penalty from such person unless it is satisfied after giving the person reasonable opportunity of being heard to that such person has wilfully failed to deduct and pay the tax.