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Income Tax - Highlights / Catch Notes

Home Highlights February 2023 Year 2023 This

Extension the scope of area of Penalty and prosecution ...


New Penalties for Not Deducting TDS Now Cover Sections 194R, 194S, 194BA; Section 271C, 276B Apply.

February 3, 2023

Notes     Income Tax

Extension the scope of area of Penalty and prosecution provisions - if assessee fails to deduct TDS in u/s 194R, u/s 194S, u/s 194BA Penalty u/s 271C & Prosecution u/s 276B shall be levied

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