Penalty u/s 272 A(2)(c)

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..... Penalty u/s 272 A(2)(c)
Query (Issue) Started By: - Sneh K Dated:- 12-2-2015 Income Tax
Income Tax
The assessee had paid freight of ₹ 9,00,000/- in Fy 2011-12.PAN was received from tra .....

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..... nsporter, hence no TDS was deductible. However, the details of transporter were not furnished with TDS return, which attracted penalty u/s 272 A(2)(c). But penalty in this case is ₹ 100 per day .....

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..... for which default continues maximum upto TDS liability. TDS liability in this case is NIL. So, what will be the penalty amount leviable?
Discussion Forum - Knowledge Sharing .....

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