Budget 2022: Consequence for failure to deduct/collect or payment of tax

Last updated: 03 February 2022 Follow on Google News

Consequence for failure to deduct/collect or payment of tax - Computation of interest 1. Section 201 of the of the Act deals with the consequences of persons who fail to deduct tax or after deducting, fail to deposit the same to the credit of the Central Government. Sub-section (1A) of the said s

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CCI News Desk

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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