Tds

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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 TDS not deducted.. what are the consequences..?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 September 2014 interest penalty for non-deduction under section 201(1A)

considered as assessee in default in respect to tax to be paid on such income of the recipient under section 201(1)

possibility of penalty under 271C equivalent to the amount of tax that should have been deducted

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 when the penalty will be imposed. and how much it will be if the amount of TDS is 9000..

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 September 2014 same as the tax not deducted - Rs 9000. but there will also be interest under 201(1A)

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 ok thank you for the rply

Nikhil Kaushik

Nikhil Kaushik (Expert)
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