an indian entity didnt deduct TDS on payments to its foreign counterpart. submitted an application to AAR but withdrew the same. Now can the co. avoid penalty u/s 271C under any good reason. though intt u/s 201(1A) is liable to be paid.
CA. Kunal Lakhotia (ACA) (1006 Points)
17 June 2013an indian entity didnt deduct TDS on payments to its foreign counterpart. submitted an application to AAR but withdrew the same. Now can the co. avoid penalty u/s 271C under any good reason. though intt u/s 201(1A) is liable to be paid.
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