Section 272BB(1): Penalty for failure to comply with the provisions of Section 203(A)

If a person fails to comply with the provisions of Section 203A, he shall by an order passed by Assessing officer pay by way of penalty, a sum of Rupees ten thousand under section 272BB.

The provisions of Section 203A are as below:

• If the person fails to quote his “tax deduction account number” or, as the case may be, “tax collection account number” or “tax deduction and collection account number” in the challan or certificates or statements or other documents referred to in sub-section (2) of section 203A,
• If the person quotes a false number which he knows or believes to be false,

Then he shall be imposed a penalty of Rupees ten thousand.

The person shall not be penalized unless he has been given an opportunity of being heard by the Assessing Officer.

Reference:

Section 272BB(1), 203A of Income tax act, 1961-

Penalty for failure to comply with the provisions of section 203A under section 272BB

(1) If a person fails to comply with the provisions of section 203A, he shall, on an order passed by the [Assessing] Officer, pay, by way of penalty, [a sum of ten thousand rupees].

(1A) If a person who is required to quote his “tax deduction account number” or, as the case may be, “tax collection account number” or “tax deduction and collection account number” in the challans or certificates or statements or other documents referred to in sub-section (2) of section 203A, quotes a number which is false, and which he either knows or believes to be false or does not believe to be true, the Assessing Officer may direct that such person shall pay, by way of penalty, a sum of ten thousand rupees.

(2) No order under sub-section (1) or sub-section (1A) shall be passed unless the person on whom the penalty is proposed to be imposed is given an opportunity of being heard in the matter.