TMI BlogPartners Avoid Penalty for Not Deducting Tax at Source on Interest Payments Due to Reasonable Cause u/s 271C.Penalty u/s 271C – reasonable cause - The assessees are partners in a firm – Both the assessees has paid interest to firm without deducting tax at source - No penalty - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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