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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Waiver of penalty u/s 234B - Penalty u/s 271C - failure to ...

Case Laws     Income Tax

November 23, 2018

Waiver of penalty u/s 234B - Penalty u/s 271C - failure to deduct tds - The software was updated in the subsequent year with the result tax at source on interest income was deducted in the year 2011-12. Once the software was updated, there was no reason for any error in the subsequent year ie. 2012-13 and 2013-14 - No relief from penalty.

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