Tds not deducted
This query is : Resolved
10 June 2017
if we paid full payment to the party and tds not deducted (194C & 194 J ) any penalty on it as per the Income Tax act or not ??
BR
JAI Prakash Singh
MBA Finance & Accounts Manager
BR
JAI Prakash Singh
MBA Finance & Accounts Manager
10 June 2017
Yes, can be penalised u/s 271C.
10 June 2017
under 271C:- Person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to deduct or pay.
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