Levy of interest u/s 201(1A) - bonafide belief - Non deduction ...

Income Tax

April 28, 2018

Levy of interest u/s 201(1A) - bonafide belief - Non deduction of TDS on perquisite - unlike Section 221 of the Act, Section 201 (1A) of the Act is not hedged in by any requirement such as good faith, wilful default etc. - Section 201 (1A) is automatically attracted and even if the appellant is bona fide in not making such deduction, it is nevertheless liable to pay interest. - HC

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Levy of interest u/s 201(1A) - bonafide belief - Non deduction ...

Income Tax

April 28, 2018

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