Interest liability on TDS defaults now follows Assessing Officer orders, requiring the payer to pay interest as directed. A proviso is inserted to provide that where the Assessing Officer makes an order for a default in deduction or payment of tax at source, the interest for ... Summary
Interest liability on TDS defaults now follows Assessing Officer orders, requiring the payer to pay interest as directed.
A proviso is inserted to provide that where the Assessing Officer makes an order for a default in deduction or payment of tax at source, the interest for that default shall be paid by the person in accordance with such order, thereby linking interest liability to the assessing officer's determination.
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