Payee Not Liable for Interest u/s 234B Due to Payer's TDS Shortfall; Payer Responsible for Advance Tax Payment.

Payee Not Liable for Interest u/s 234B Due to Payer's TDS Shortfall; Payer Responsible for Advance Tax Payment. https://www.taxtmi.com/highlights?id=22041 Interest u/s 234B - shortfall in TDS deduction at the payer's end - shortfall in advance tax at assessee's end - payee/deductee whose payments have already been subjected to TDS provisions cannot be held liable to pay consequential interest u/s 234B - AT en-us Mon, 09 Mar 2015 09:26:11 +0530 Mon, 09 Mar 2015 09:26:11 +0530 TaxTMI RSS Generator Payee Not Liable for Interest u/s 234B Due to Payer's TDS Shortfall; Payer Responsible for Advance Tax Payment. https://www.taxtmi.com/highlights?id=22041 Interest u/s 234B - shortfall in TDS deduction at the payer's end - shortfall in advance tax at assessee's end - payee/deductee whose payments have already been subjected to TDS provisions cannot be held liable to pay consequential interest u/s 234B - AT Highlights Income Tax Mon, 09 Mar 2015 09:26:11 +0530 https://www.taxtmi.com/highlights?id=22041