Tax collected at source interest liability clarified: interest payable by person as per Assessing Officer's order for defaults. An amendment to section 206C(7) provides that where the Assessing Officer makes an order for a default under subsection (6A), the interest shall be paid ... Summary
Tax collected at source interest liability clarified: interest payable by person as per Assessing Officer's order for defaults.
An amendment to section 206C(7) provides that where the Assessing Officer makes an order for a default under subsection (6A), the interest shall be paid by the person in accordance with such order, clarifying the recovery mechanism for interest under the TCS default provision.
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