TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Income Tax Bill 2025 Clause 448 introduces penalties for TDS non-compliance replacing Section 271C with broader enforcement</h1> The Income Tax Bill 2025's Clause 448 proposes penalties for TDS non-compliance, replacing Section 271C of the Income-tax Act 1961. The clause penalizes failure to deduct tax under Chapter XIX-B or pay/ensure payment per specific notes in section 393. Penalty equals the tax amount not deducted/paid, imposable by the Assessing Officer. Unlike Section 271C which lists specific sections, Clause 448 references broader chapters and table notes. A key concern is the absence of explicit 'reasonable cause' defense, potentially creating harsher outcomes. The provision aims to modernize TDS enforcement while maintaining deterrent effect through proportional penalties.
TaxTMI 
TaxTMI 