tds not deposited

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....ds not deposited<br> Query (Issue) Started By: - manish khawas Dated:- 25-9-2012 Last Reply Date:- 27-9-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>what would be the penalty if credit has been giv....

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....en to the party and tds also deducted in the books but payment has not been done to the party? Reply By CA GOPALJI AGRAWAL: The Reply: Penalty for the same is prescribed u/s 271C which is equal to a....

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....mount of tax deductible. The assessee would be treated in default and liable to tax and interest. Please also note that the law stipulate the prosecution also.<br> Discussion Forum - Knowledge Sharing....

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