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Income Tax - Highlights / Catch Notes

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Levy of interest for delayed payment of TDS - there was exfacie ...


Interest Charged for Late TDS Payment: Automatic Penalty u/s 201(1A) for Delayed Tax Deposits.

September 19, 2022

Case Laws     Income Tax     AT

Levy of interest for delayed payment of TDS - there was exfacie delay in depositing the deducted tax (TDS) within the stipulated due dates, for the reasons interest u/s 201(1A) found charged and such levy is automatic and without escapement - AT

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