TMI BlogInsertion of new section 271H.X X X X Extracts X X X X X X X X Extracts X X X X ..... ions of the Act, a person shall be liable to pay penalty, if, he (a) fails to deliver or cause to be delivered a statement within the time prescribed in subsection (3) of section 200 or the proviso to sub-section (3) of section 206C; or (b) furnishes incorrect information in the statement which is required to be delivered or cause to be delivered under ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed for delivering or causing to be delivered such statement. (4) The provisions of this section shall apply to a statement referred to in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C which is to be delivered or caused to be delivered for tax deducted at source or tax collected at source, as the case may be, on or after the 1st day of July, 2012. . - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n thousand rupees but which may extend to one lakh rupees. It is also proposed to provide that notwithstanding anything contained in the foregoing provisions of this section, no penalty shall be levied for the failure referred to in clause (a) of sub-section (1), if the person proves that after paying tax deducted or collected along with the fee and interest, if any, to the credit of the Centra ..... X X X X Extracts X X X X X X X X Extracts X X X X
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