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tds not deposited, Income Tax |
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tds not deposited |
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what would be the penalty if credit has been given to the party and tds also deducted in the books but payment has not been done to the party? Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Penalty for the same is prescribed u/s 271C which is equal to amount of tax deductible. The assessee would be treated in default and liable to tax and interest. Please also note that the law stipulate the prosecution also. Page: 1 Old Query - New Comments are closed. |
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