Failure to collect tax at source triggers a penalty equal to the unpaid tax, imposed by the assessing officer. Failure to collect tax at source creates a penalty equal to the tax not collected; the penalty is to be imposed by the Assessing Officer following the ... Summary
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Failure to collect tax at source triggers a penalty equal to the unpaid tax, imposed by the assessing officer.
Failure to collect tax at source creates a penalty equal to the tax not collected; the penalty is to be imposed by the Assessing Officer following the statutory amendment, replacing prior imposition by the Joint Commissioner.
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