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Income Tax - Highlights / Catch Notes

Home Highlights September 2017 Year 2017 This

Penalty u/s 271C - short deduction of tds - Whether TDS to be ...


No Penalty for TDS Short Deduction: Genuine Intention Proven u/ss 194C, 194J, and 271C.

September 6, 2017

Case Laws     Income Tax     AT

Penalty u/s 271C - short deduction of tds - Whether TDS to be deducted @ 2% u/s 194C or 10% u/s 194J - assessee itself obtained the opinion from department itself clearly shows that there was bonafide intention on the part of the assessee not to make any default - no penalty

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