Statement delivery requirement: payers must furnish payee statements within prescribed timelines under tax law, or face penalty exposure. A new clause is inserted into the penalty provision creating an explicit obligation to deliver a copy of the payee statement within the timeframe prescribed for furnishing statements under the deduction-at-source provision or the proviso to the collection-at-source provision; failure to deliver within that specified timeframe is treated as non-compliance under the amended penalty section.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Statement delivery requirement: payers must furnish payee statements within prescribed timelines under tax law, or face penalty exposure.
A new clause is inserted into the penalty provision creating an explicit obligation to deliver a copy of the payee statement within the timeframe prescribed for furnishing statements under the deduction-at-source provision or the proviso to the collection-at-source provision; failure to deliver within that specified timeframe is treated as non-compliance under the amended penalty section.
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