Assessee not in default for failing to deduct TDS u/s 201(1) if conditions met; no disallowance u/s 40(a)(ia).

Assessee not in default for failing to deduct TDS u/s 201(1) if conditions met; no disallowance u/s 40(a)(ia). https://www.taxtmi.com/highlights?id=48411 Assessee in default u/s 201(1) for failure to deduct TDS u/s 194C - Scope of second proviso of Section 201(1) inserted vide the Finance Act, 2012 w.e.f 01.04.2013 - as per judicial pronouncements it will be applicable retrospectively and if assessee satisfies the conditions envisaged in sub-section (1) of Sec.201, then it cannot be held to be an assessee in default - no disallowance u/s 40(a)(ia) en-us Mon, 05 Aug 2019 07:51:22 +0530 Sun, 04 Aug 2019 16:09:18 +0530 TaxTMI RSS Generator Assessee not in default for failing to deduct TDS u/s 201(1) if conditions met; no disallowance u/s 40(a)(ia). https://www.taxtmi.com/highlights?id=48411 Assessee in default u/s 201(1) for failure to deduct TDS u/s 194C - Scope of second proviso of Section 201(1) inserted vide the Finance Act, 2012 w.e.f 01.04.2013 - as per judicial pronouncements it will be applicable retrospectively and if assessee satisfies the conditions envisaged in sub-section (1) of Sec.201, then it cannot be held to be an assessee in default - no disallowance u/s 40(a)(ia) Highlights Income Tax Mon, 05 Aug 2019 07:51:22 +0530 https://www.taxtmi.com/highlights?id=48411