Dear frds / experts,
If TDS is not deducted or filed, In which cases or situations, it is exempted without any penalty or interest?
Thanks in adv/ Maya.
Menu
Tds- doubt
Replies (1)
1. In case of Individual or HUF who were not required to get audited last FY as per Sec 44AB, did not required to deduct tds in the current FY except in case of Salary.
2. If deductee shows the income on which tax was so liable to deduct but deductor fail to deduct, deductee paid tax on such income and produce CA certificate in that case no penalty will levy on deductor however interest u/s 201 will levy from period tax liable to deduct till tax paid by deductee..
2. If deductee shows the income on which tax was so liable to deduct but deductor fail to deduct, deductee paid tax on such income and produce CA certificate in that case no penalty will levy on deductor however interest u/s 201 will levy from period tax liable to deduct till tax paid by deductee..
Recent Threads
- Taxation on Bonds
- How to learn about a deceased family member's inve
- Has Anyone Tried Study4Exam for Exin Certified Dat
- Query about cash withdrawals and tax/ITR filing im
- TDS on partners remuneration u/s 194 T
- Income Tax Financial Year 2025-26
- GST Rate RCM
- AI in ERP and System Audits - Why Auditors Should
- Can updated return be filed having salary income a
- Save LTGC on land sale
CAclubindia
