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Interest Automatically Charged for TDS Failure u/s 201(1A) Despite Deductee Tax Payment, No Discretion Allowed.
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....Levy of interest u/s 201(1A) - failure to deduct TDS u/s 194J - payments made by the assessee herein have been included in the income of the deductees and taxes paid thereon. - There is no choice available to the revenue and interest u/s 201(1A) is to be mandatorily charged for the delayed period of remittance and is automatic in nature.....