AMENDMENT IN SECTION 201 OF INCOME TAX ACT - CONSEQUENCE OF FAILURE TO DEDUCT OR PAY

AMENDMENT IN SECTION 201 OF INCOME TAX ACT - CONSEQUENCE OF FAILURE TO DEDUCT OR PAY https://www.taxtmi.com/article/detailed?id=10229 Amendments provide that where the Assessing Officer makes an order for default in deduction under section 201(1) or for default in collection under section 206C(6A), the interest payable for failure to deduct/collect or to pay the deducted/collected amount shall be as determined by that Assessing Officer's order, clarifying computation and tying liability to the AO's determination. en-us Tue, 01 Feb 2022 18:29:52 +0530 Tue, 01 Feb 2022 18:57:38 +0530 TaxTMI RSS Generator AMENDMENT IN SECTION 201 OF INCOME TAX ACT - CONSEQUENCE OF FAILURE TO DEDUCT OR PAY https://www.taxtmi.com/article/detailed?id=10229 Amendments provide that where the Assessing Officer makes an order for default in deduction under section 201(1) or for default in collection under section 206C(6A), the interest payable for failure to deduct/collect or to pay the deducted/collected amount shall be as determined by that Assessing Officer's order, clarifying computation and tying liability to the AO's determination. Articles Budget - Tax Proposals Tue, 01 Feb 2022 18:29:52 +0530 https://www.taxtmi.com/article/detailed?id=10229