Lok Sabha Passes the Railways (Amendment) Bill, 2024  ||  Lok Sabha Passes the Railways (Amendment) Bill, 2024  ||  Lok Sabha Passes the Railways (Amendment) Bill, 2024  ||  SC: Right to Maintenance Shall Have Overriding Effect on Rights of Claimants under SARFAESI/IBC  ||  Bom HC: Court Can Grant Higher Compensation if Land Acquisi. Award Passed After Amendment to S. 25  ||  Bom. HC: Keeping Child Away from Mother in Defiance of Court Order Amounts to Cruelty  ||  Supreme Court: Can’t Use Power of Contempt Jurisdiction to Execute Order  ||  SC: Enforcement Directorate Can Give Instructions to Public Prosecutors on Facts of the Case  ||  Supreme Court: Permanent Alimony Should not Penalize the Husband  ||  SC Reserves Judgement on Plea by Transwoman Whose Appointment was Cancelled on Gender Identity    

SC: No Penalty Under S.271C of IT Act for Mere Delay in Remittance of TDS - (11 Apr 2023)

DIRECT TAXATION

Supreme Court while observing that words used in Section 271C(1)(a) are ‘fails to deduct’, and the same doesn’t speak about belated remittance of TDS, has held that no penalty is leviable under Section 271C of Income Tax Act, 1961 on mere delay in remittance of TDS after it is deducted by assessee.

Tags : SUPREME COURT   TDS   REMITTANCE   INCOME TAX ACT  

Share :        

Disclaimer | Copyright 2024 - All Rights Reserved