26 December 2013
hi, Sec234E is having reference of sec 200(3) & Sec 206C(3) Sec 200(3) & Sec 206C(3) talk abount duty of person deducting the tax of collecting The tax to submit the statement i.e filling of TDS return on due quarterly basic so that deduct would get tds credit online. When a person fails to deduct the deductible TDS then Sec 201(1A) i.e interest and Sec 271C i.e penalty get attracted
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