No Penalty for Late TDS Certificate if Assessee Has Bona Fide Reason u/s 273B.

No Penalty for Late TDS Certificate if Assessee Has Bona Fide Reason u/s 273B. https://www.taxtmi.com/highlights?id=25075 Penalty u/s 272A(2)(c) - Non-issuance of TDS certificate in time - assessee was under bonafide belief that once the tax has not been deposited to the Government account then no certificate under section 203 could have been issued and such a bonafide belief falls within the ambit of section 273B, which envisages that no penalty is leviable if the assessee has bonafide reasons. - AT en-us Sat, 03 Oct 2015 12:20:46 +0530 Sat, 03 Oct 2015 12:20:46 +0530 TaxTMI RSS Generator No Penalty for Late TDS Certificate if Assessee Has Bona Fide Reason u/s 273B. https://www.taxtmi.com/highlights?id=25075 Penalty u/s 272A(2)(c) - Non-issuance of TDS certificate in time - assessee was under bonafide belief that once the tax has not been deposited to the Government account then no certificate under section 203 could have been issued and such a bonafide belief falls within the ambit of section 273B, which envisages that no penalty is leviable if the assessee has bonafide reasons. - AT Highlights Income Tax Sat, 03 Oct 2015 12:20:46 +0530 https://www.taxtmi.com/highlights?id=25075