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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Levy of penalty u/s 271C - TDS default u/s 194C - assessee is ...


No Penalty for Year-End TDS Deduction: Section 271C Considered for Compliance u/s 194C.

March 26, 2019

Case Laws     Income Tax     AT

Levy of penalty u/s 271C - TDS default u/s 194C - assessee is consistently following the practice of arriving the TDS liability at the end of the year - there is no doubt that the assessee has duly deducted the TDS and remitted to Govt. account. - no penalty.

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