Petitioners face penalties for not depositing deducted taxes on time u/ss 276B and 278B of the Income Tax Act.

Petitioners face penalties for not depositing deducted taxes on time u/ss 276B and 278B of the Income Tax Act. https://www.taxtmi.com/highlights?id=49065 TDS default - Offences punishable u/s 276B r.w.s. 278B - the petitioners have deducted tax at source but failed to credit the same to the account of the Central Government within the prescribed time, the petitioners cannot escape from the rigour of section 276B. en-us Mon, 02 Sep 2019 08:12:50 +0530 Mon, 02 Sep 2019 08:12:50 +0530 TaxTMI RSS Generator Petitioners face penalties for not depositing deducted taxes on time u/ss 276B and 278B of the Income Tax Act. https://www.taxtmi.com/highlights?id=49065 TDS default - Offences punishable u/s 276B r.w.s. 278B - the petitioners have deducted tax at source but failed to credit the same to the account of the Central Government within the prescribed time, the petitioners cannot escape from the rigour of section 276B. Highlights Income Tax Mon, 02 Sep 2019 08:12:50 +0530 https://www.taxtmi.com/highlights?id=49065