TMI BlogTax deduction at sourceX X X X Extracts X X X X X X X X Extracts X X X X ..... (b) Local authority, or (c) Governmental agencies, or (d) such persons or category of persons as may be notified, by the Central or a State Government on the recommendations of the Council, [hereinafter referred to in this section as the deductor ], to deduct tax at the rate of one percent from the payment made or credited to the supplier [hereinafter referred to in this section as the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... opriate Government and such particulars as may be prescribed in this behalf. (4) If any deductor fails to furnish to the deductee the certificate, after deducting the tax at source, within five days of crediting the amount so deducted to the appropriate Government, the deductor shall be liable to pay, by way of a late fee, a sum of one hundred rupees per day from the day after the expiry of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the deductor or the deductee, as the case may be, arising on account of excess or erroneous deduction shall be dealt with in accordance with the provisions of section 48: PROVIDED that no refund to deductor shall be granted if the amount deducted has been credited to the electronic cash ledger of the deductee. - - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regul ..... X X X X Extracts X X X X X X X X Extracts X X X X
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