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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

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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