WHETHER THE ASSESEE WHO BECAME LIABLE TO PAY THE TAX AS IT WAS NOT DEDUCTED AT SOURCE ALSO BECAME LIABLE TO PAY INTEREST UNDER SECTION 234B OF THE INCOME TAX ACT, 1961?

WHETHER THE ASSESEE WHO BECAME LIABLE TO PAY THE TAX AS IT WAS NOT DEDUCTED AT SOURCE ALSO BECAME LIABLE TO PAY INTEREST UNDER SECTION 234B OF THE INCOME TAX ACT, 1961? https://www.taxtmi.com/article/detailed?id=1315 Where tax expected to be deducted at source is not deducted, liability for interest on that default falls on the person required to deduct under the TDS provisions and Section 201(1A); the assessee becomes liable to pay the tax only at self-assessment and, having had no obligation to pay advance tax under Section 208 on income chargeable to TDS, is not liable to interest under Section 234B for the deductor's default. en-us Fri, 03 Jun 2011 09:03:21 +0530 Fri, 03 Jun 2011 09:03:32 +0530 TaxTMI RSS Generator WHETHER THE ASSESEE WHO BECAME LIABLE TO PAY THE TAX AS IT WAS NOT DEDUCTED AT SOURCE ALSO BECAME LIABLE TO PAY INTEREST UNDER SECTION 234B OF THE INCOME TAX ACT, 1961? https://www.taxtmi.com/article/detailed?id=1315 Where tax expected to be deducted at source is not deducted, liability for interest on that default falls on the person required to deduct under the TDS provisions and Section 201(1A); the assessee becomes liable to pay the tax only at self-assessment and, having had no obligation to pay advance tax under Section 208 on income chargeable to TDS, is not liable to interest under Section 234B for the deductor's default. Articles Income Tax Fri, 03 Jun 2011 09:03:21 +0530 https://www.taxtmi.com/article/detailed?id=1315