consequences of failure to deduct tax at source


This query is : Resolved 

23 November 2009 consequences of failure to deduct tax at source? can any 1 tell me?

23 November 2009 Liable to pay interest under section 201(1A) and penalty under section 221 of The Income Tax Act,1961.

Jitender (Expert)
23 November 2009 exp will not be allowed as per sec 40(a)(ia)

CA Deepak S (Expert)
24 November 2009 Agree

24 November 2009 agree


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