TDS

This query is : Resolved 

28 October 2010 What is the provision under Income Tax Act, 1961, if any organisation does not deduct TDS on a regular basis from the salary (taxable salary)

28 October 2010 the org may be treated as assessee in default
& thereupon liable to interest & penalty

28 October 2010 Interest and penalty is applicable


29 October 2010 Interest and u/s 201(1)penalty u/s 271C



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