If an assessee paid Rs. 5,00,000/- in advance to a chartered accountant for sanction of loan and has not deducted TDS on it. What are the consequences and penalties?
1 Replies
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graphologist Face reader Vastu Expert)
(85930 Points)
Replied 08 January 2013
Assessee will deemed defaulter and will have to pay intrest u/s 201(1A) and penalty as applicable for non deduction will be attracted if conditions of that are fulfilled.
Recent Topics
- Monthly Pension from EPFO exempt or taxable?
- NRI (Indian origin) director requiring employment
- Authorization operate bank accounts signing
- Form 15CA for amount transfer
- TDS on March 25 Provisions
- Role of AI in CA Field
- How to generate purchase bills to investor for bil
- Composition scheme and Itc
- Has anyone tried Parag Gupta sir's 59 questions fo
- HSN CODE IS MANTADARY
Related Threads
CAclubindia
