Tag: section 201(1)

CPC (TDS) communication for payment of outstanding Short Payment Defaults

According to CPC (TDS), there are outstanding short payment defaults for TDS statements filed by deductors. The letter issued by¬†CPC (TDS) to deductors in this regard is given as followed:… Read more »

No penalty & interest for non deduction of TDS if deductee-payee having no tax liability

There cannot be any dispute that an assessee who is having losses cannot be compelled to pay the income-tax, as the Income-tax Act does not provide for such a situation,… Read more »