if the assessee does not mention the break up of tax amount, surcharge, education cess and sec education cess in the TDS challan does it attract any violation of Income tax act or any other Act.s der any penalty for the same...pl reply...urgent...
CA Barani (Manager - F&A) (71 Points)
27 December 2008if the assessee does not mention the break up of tax amount, surcharge, education cess and sec education cess in the TDS challan does it attract any violation of Income tax act or any other Act.s der any penalty for the same...pl reply...urgent...
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 27 December 2008
Dear Barani,
Technically amount collected as Surchrge, Education cess and higher secondary education cess goes to respective account.
In case asesee fails to give break-up Bank are advice to make the break-up of respective items to respective accounts.
Also there are softwares (Finacle) in which such calculation are made automatically.
Regards
CA Barani
(Manager - F&A)
(71 Points)
Replied 27 December 2008
is there any notification for that...or any kind of circular
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
