Securities Transaction Tax

Section - 105 - Penalty for failure to collect or pay securities transaction tax

Penalty for failure to collect or pay securities transaction tax.

105. Any assessee who-

(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) -.... To read the full section download the app from Google Play store