Income Tax Act 2023
Section 275 - Penalty for Default in Payment of tax
(as updated till Finance Act 2024)
Where an assessee defaults in payment of tax or is deemed to be in default, the Deputy Commissioner of Taxes may direct to collect as penalty such an amount, in addition to the unpaid tax, shall not be exceeded the said unpaid tax.
Disclaimer: This is the authentic English text of the Income Tax Act 2023, as published under SRO No. 404-Law/2025 dated 08 October 2025. In the event of any inconsistency or conflict between the content on this website and the official Government publications or gazette notifications relating to laws, rules, regulations or SROs, the official Government publications and notifications shall prevail.