Penalty u/s 271 C
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 April 2010
Dear Sir
I miss to deduct the TDS of 194 C in 3rd Qrt, but in imedetely deducted the TDS in 4th qtr and deposited to Deptt. with interest.
But Department demand the penalty u/s 271 C
Please advice me how can i remove the penalty,
Beacuse i deduct the TDS on same F.Y and deposited in same F.Y with interest.
Please ref andy case.
Thanks
I miss to deduct the TDS of 194 C in 3rd Qrt, but in imedetely deducted the TDS in 4th qtr and deposited to Deptt. with interest.
But Department demand the penalty u/s 271 C
Please advice me how can i remove the penalty,
Beacuse i deduct the TDS on same F.Y and deposited in same F.Y with interest.
Please ref andy case.
Thanks
09 April 2010
DEPARTMENT CAN NOT DEMAND PENALTY STRAIGHTAWAY THEY MUST GIVE YOU A RESONABLE OPPURTUNITY TO PREDENT YOUR CASE. USUALY A LETTER IS SENT TO ASSESSEE ERQUIRING HIM TO SHOW CAUSE WHY A PENALTY U/S 271 C SHOULD NOT BE INITIATED AGAINST YOU. IF SUCH IS THE CASE WITH YOU WRITE A PROPER REPLY ACCEPTING YOUR MISTAKE AND INFOEMING HIM THAT YOU RECTIFIED YOUR MISTAKE BY PAYMENT OF YDS ALONG WITH INTEERST.
BEST OF LUCK.
BEST OF LUCK.
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