Where the employee has deducted the tax at source but failed to deposit wholly or partly, the tax so deducted in government account, the following…
View More Statutory provisions attracted on failure to deposit tax in government account after deductionTag: Penalty u/s 221
Statutory provisions attracted on failure to deduct tax
Where the employer has failed to deduct tax or when short deduction of tax has been done, following statutory provisions are attracted:- Charging of interest…
View More Statutory provisions attracted on failure to deduct taxLate filing of TDS return – Penalties, Prosecution & Interest Calculation
The various provisions of TDS are statutorily required to be strictly complied with. Any default in compliance can attract, levy of interest, penalty and in…
View More Late filing of TDS return – Penalties, Prosecution & Interest Calculation