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Income Tax - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Penalty u/s 271C - assessee had failed to deduct TDS on interest ...

Income Tax

February 9, 2018

Penalty u/s 271C - assessee had failed to deduct TDS on interest paid on FDRs and to deposit the same - the assessee is found to have had reasonable cause for not deducting the tax at source. The penalty levied is, accordingly, deleted. - AT

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