https://www.taxtmi.com/manuals?id=5365 Section 398 treats a person as an assessee in default for failures to deduct, collect or deposit tax, while preserving interest, penalty and recovery consequences. Relief is available where the relevant recipient has filed a return, included the amount in income, paid due tax, and the prescribed accountant's certificate is furnished. Unpaid tax and interest constitute a charge on all assets of the defaulting person. Penalty requires satisfaction that the default occurred without good and sufficient reasons. en-us Fri, 18 Oct 2024 10:50:00 +0530 Wed, 05 Aug 2026 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=5365 Section 398 treats a person as an assessee in default for failures to deduct, collect or deposit tax, while preserving interest, penalty and recovery consequences. Relief is available where the relevant recipient has filed a return, included the amount in income, paid due tax, and the prescribed accountant's certificate is furnished. Unpaid tax and interest constitute a charge on all assets of the defaulting person. Penalty requires satisfaction that the default occurred without good and sufficient reasons. Manuals Income Tax Fri, 18 Oct 2024 10:50:00 +0530 https://www.taxtmi.com/manuals?id=5365