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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

TDS - Levy of interest u/s 234B of the Act – When a duty is cast ...


No Interest u/s 234B if Payer Fails to Deduct Tax at Source; Payee Not Liable for Payer's Duty.

July 2, 2012

Case Laws     Income Tax     AT

TDS - Levy of interest u/s 234B of the Act – When a duty is cast on the payer to pay the tax at source, on failure, no interest can be imposed on the payee assessee. - AT

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