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of <h1>Failing to Deduct or Deposit TDS Leads to Disallowed Expenses, Interest, and Penalties Under Section 271C.</h1> A deductor who fails to deduct or deposit Tax Deducted at Source (TDS) faces several consequences under the Income-tax Act. These include disallowance of expenditure, where payments made without TDS are not deductible, with potential rectification if TDS is paid later. Non-compliance also incurs interest charges, with rates varying based on the delay in deduction and payment. Additionally, penalties equal to the unpaid tax may be imposed under Section 271C. These provisions apply to both resident and non-resident payments, affecting income computations under various heads, including 'Income from other sources.'
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