Failure to collect tax at source exposes the collector to a penalty equal to the tax not collected. Where a person fails to collect the whole or any part of the tax required to be collected, the Assessing Officer may impose a penalty equal to the tax ... Summary
Failure to collect tax at source exposes the collector to a penalty equal to the tax not collected.
Where a person fails to collect the whole or any part of the tax required to be collected, the Assessing Officer may impose a penalty equal to the tax which such person failed to collect.
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