Section 476 — Failure to pay tax to credit of Central Government under Chapter XIX-B

22[(1) If a person fails to—
( a) pay the tax deducted at source by him to the credit of the Central Govern-
ment, as required by or under the provisions of Chapter XIX-B; or
( b) pay tax or ensure payment of tax to the credit of the Central Government
in respect of––
( A) any income by way of winnings from online games as referred in
section 393(3) [Table: Sl. No. 2], excluding such winnings which are
wholly in kind, as referred to in Note 2 to the said Table; or
( B) any sum by way of consideration for transfer of a virtual digital asset
as referred in section 393(1) [Table: Sl. No. 8( vi)], excluding such
consideration which is wholly in kind, as referred to in Note 6 to the
said Table,
he shall be punishable––
( i) with simple imprisonment for a term up to two years, or with fine, or with
both, where the amount of such tax exceeds fifty lakh rupees; or
( ii) with simple imprisonment for a term up to six months, or with fine, or
with both, where the amount of such tax exceeds ten lakh rupees but does
not exceed fifty lakh rupees; or
( iii) with fine, in any other case.]
(2) The provisions of this section shall not apply if the payment referred to in
sub-section (1)(a) has been made to the credit of the Central Government on or
before the time prescribed for filing the statement under section 397(3)( b) in
respect of such payment.