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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Demand of interest u/s. 201(1A) of the IT Act - late deposit of ...


Interest Demand for Late TDS Deposit Unaffected by Cheque Delays or Holidays, per Section 201(1A) of Income Tax Act.

July 20, 2012

Case Laws     Income Tax     AT

Demand of interest u/s. 201(1A) of the IT Act - late deposit of TDS - The time taken for clearing of cheques and government holidays and reasonable cause etc. are not the reasons, which could be considered while levying the interest against the assessee - AT

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