Failure to deduct tax at source may avoid penalty and prosecution if proper tax and interest are paid by the prescribed deadline. Employers who failed to correctly deduct tax at source on salaries, including perquisites and allowances, may avoid initiation of penalty or prosecution if they pay the proper tax together with interest by the prescribed extended deadline; the relief also covers prior guidance on salaries and perquisites paid abroad, while coercive recovery of unpaid tax remains permissible, and applies to assessment years beginning 1989-90 through 1994-95.
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.
Failure to deduct tax at source may avoid penalty and prosecution if proper tax and interest are paid by the prescribed deadline.
Employers who failed to correctly deduct tax at source on salaries, including perquisites and allowances, may avoid initiation of penalty or prosecution if they pay the proper tax together with interest by the prescribed extended deadline; the relief also covers prior guidance on salaries and perquisites paid abroad, while coercive recovery of unpaid tax remains permissible, and applies to assessment years beginning 1989-90 through 1994-95.
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