Tag: Failure to Deduct Tax at Source

Section 398 of the Income Tax Act, 2025 – Consequences of TDS Defaults

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The provisions relating to Tax Deducted at Source (TDS) defaults have been restructured under the Income Tax Act, 2025. The earlier Section 201(1) and Section 201(1A) of the Income Tax… Read more »

Consequences of TDS / TCS defaults

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The following table highlights the applicable provisions and implications of non-compliance with TDS / TCS requirements, including failure to deduct, collect or deposit tax : Nature of Default Old Section… Read more »

Section 448 of the Income-tax Act, 2025 – Penalty for Failure to Deduct Tax at Source

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The provisions relating to penalty for failure to deduct tax at source have been restructured under the Income-tax Act, 2025. The earlier Section 271C of the Income-tax Act, 1961 is… Read more »