Regarding - section 194 ia
This query is : Resolved
12 June 2014
Please tell me
what consequences of non compliance of section 194IA
( what will be happened, if A person( Purchaser ) has not deducted TDS from sale consideration. )
what consequences of non compliance of section 194IA
( what will be happened, if A person( Purchaser ) has not deducted TDS from sale consideration. )
13 June 2014
he shall be liable for interest under section 201(1A)
plus he can be treated as an assessee in default and can be penalised in form of being ordered to pay tax on whole of such income.
plus he can be treated as an assessee in default and can be penalised in form of being ordered to pay tax on whole of such income.
17 June 2014
thanks Nikhil sir!
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