Let us first understand the provisions of section 220(1) relating to payment of tax as per demand notice. Then we will understand the provision for levy of interest in case… Read more »
Central Board of Direct Taxes(CBDT) has extended the deadline for linking Aadhaar to PAN, from 31st March to 30th June. In the order it was mentioned this extension was done… Read more »
TDS RATE CHART FY: 2018-19 (AY: 2019-20) Section Nature of Payment Threshold Indv/ HUF Others Rs. TDS Rate (%) 192 Salaries – Avg – 192A Premature withdrawal… Read more »
A TAN holder who fails to deduct whole or any part of the tax at source is treated as an assessee-in-default. But, as per provision in section 201 the TAN… Read more »
As per the provisions in section 201, if a person liable to deduct tax at source does not deduct it, then, such person, shall be liable to pay simple interest… Read more »
If any person who after deducting tax at source fails to pay, the whole or any part of the tax to the credit of the Government as per section 201,… Read more »