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Income Tax - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Penalty u/s 272A(2)(k) r.w.s. 200(3) - failure on part of ...

Income Tax

September 29, 2020

Penalty u/s 272A(2)(k) r.w.s. 200(3) - failure on part of assessee to file quarterly returns of TDS in Form 24Q and 26Q for the years under consideration within the stipulated time - AR was directed to file a chart by computing penalty from the date of making payment for both years. AO is directed to verify the same and restrict Penalty u/s.272(k)(2) to such amount as computed from date of deposit of TDS with Government. - AT

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