Penalty authority change for TDS non-deduction: Assessing Officer to impose penalty instead of Joint Commissioner. The Bill inserts a proviso in sub section (2) of section 271C so that penalties for failure to deduct tax at source, previously to be imposed by the Joint Commissioner, shall on and after the effective date be imposed by the Assessing Officer, subject to the provisions of sub section (2) of section 274.
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Penalty authority change for TDS non-deduction: Assessing Officer to impose penalty instead of Joint Commissioner.
The Bill inserts a proviso in sub section (2) of section 271C so that penalties for failure to deduct tax at source, previously to be imposed by the Joint Commissioner, shall on and after the effective date be imposed by the Assessing Officer, subject to the provisions of sub section (2) of section 274.
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