WHETHER CONDONATION OF DELAY IN DEPOSITING TDS CAN BE ALLOWED AND IF IT CAN BE ALLOWED THEN WHO HAS THE POWER TO CONDONE IT AND TO WHICH EXTENT?
1 Replies
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 27 January 2010
Mr.Amit Jain
No such provisions are there in Income-tax Act at present. The delay in deposit of TDS to the credit of Government will attract the provisions of section 201.
Best Wishes
Sathikonda
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