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Income Tax - Highlights / Catch Notes

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Levy of interest u/s 201(1A) - Delay in depositing TDS to ...


Interest Levy u/s 201(1A) Waived: TDS Payment Date Confirmed as July 7, 2014, No Delay Penalty Applied.

December 26, 2018

Case Laws     Income Tax     AT

Levy of interest u/s 201(1A) - Delay in depositing TDS to government - When the assessee has made payment of TDS on 07.07.2014 by way of online payment and the same was debited from his account on 07.07.2014, the same is to relate back with date of online payment i.e. 07.07.2014 and not 08.07.2014 - No interest liability.

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