https://www.taxtmi.com/acts?id=48842 Failure to deduct, collect or remit tax by the person required to withhold, including a principal officer, makes that person an assessee in default and triggers liability for simple interest on undeducted or uncollected amounts and on deducted or collected amounts until payment; interest must be paid prior to furnishing the required statement, unpaid tax and interest constitute a charge on all assets, and a deeming order is subject to the Act's prescribed limitation periods and exclusion where the payee has filed, accounted for and paid the tax with a certificate from an accountant. en-us Fri, 14 Feb 2025 13:08:29 +0530 Thu, 20 Feb 2025 15:40:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48842 Failure to deduct, collect or remit tax by the person required to withhold, including a principal officer, makes that person an assessee in default and triggers liability for simple interest on undeducted or uncollected amounts and on deducted or collected amounts until payment; interest must be paid prior to furnishing the required statement, unpaid tax and interest constitute a charge on all assets, and a deeming order is subject to the Act's prescribed limitation periods and exclusion where the payee has filed, accounted for and paid the tax with a certificate from an accountant. Act-Rules Bills Fri, 14 Feb 2025 13:08:29 +0530 https://www.taxtmi.com/acts?id=48842