TDS Defaults - Action Thereon.

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Full Text of the Document

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.... penalty and prosecution provisions for TDS defaults committed by various assessees. The matter has been considered and examined and this Instruction issues with the approval of Central Government. 2. So far as the levy of penalty u/s 271C is concerned, the penalty u/s 271C is to be levied in cases where there is a failure to deduct the whole or any part of tax as required by or under the provi....