Non deduction or short deduction of TDS on interest - 194A

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..... on-deduction or short deduction of tax at source on interest payments and delayed remittance of tax deducted which also did not attract the penal provisions of the Act. Such serious lapses noticed in test check of cases by Audit should have compelled the Department to undertake a review in all the Charges to find out the extent of failure and to take appropriate action including rectification and .....

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..... ttance of tax deducted at source. The review should cover (i) the arrangements for watching and enforcing compliance, (ii) cases of omission or failure noticed and remedial action taken, and (iii) suggestions for improvement to ensure proper implementation of the provision. 3. The result of review suggested above may be intimated to the Board by 31-5-1973. - Circular - Trade Notice - Public No .....

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