TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amended Section 276BB Provides Safe Harbor from Penalties if Tax Collected at Source is Paid by Statement Filing Deadline</h1> The amendment to section 276BB of the Income-tax Act adds a proviso exempting certain cases from penalties. Under this provision, no penalty will apply if tax collected at source has been paid to the Central Government on or before the prescribed time for filing statements under the proviso to sub-section (3) of section 206C for such payment. This creates a safe harbor for taxpayers who remit collected taxes by the statement filing deadline.
TaxTMI 
TaxTMI 
