Section 272B

Don't Take TDS Lightly

Income Tax - Nowadays delay in payment of TDS and in TDS return Filing makes an assessee liable to Late Payment Interest, Late Payment Penalty, Late Filing Fees, Late Filing Penalty and Further makes him liable to prosecution under the provision of the Income Tax Act, 1961. In this article we are discussing some of these provisions which makes it clea...

Read More
Sorry No Post Found

No Penalty u/s 272B, if Reasonable cause proved for missing PAN nos. in TDS returns

ITO (TDS), Rohtak Vs The Executive Engineer,Provisional Division,Public Health, Jhajjar (ITAT Delhi) - Here the assessee originally did not have the correct PANs of all the persons from whose payments, tax at source was required to be deducted. Despite that, the assessee did deduct tax at source and paid the amount to the exchequer well in time. The only fault of the assessee was in not filling PANs ...

Read More

S. 272B Penalty is Rs. 10000 per deductor and not per wrong PAN

Commissioner of Income Tax-TDS Vs DHTC Logistics Ltd. (Delhi High Court) - The assessing officer had imposed penalty of Rs. 10,000/- in each case where PAN Number was not provided by the deductee. There were in all 30706 cases in which the PAN Number was missing or was incorrectly stated....

Read More
Sorry No Post Found

Recent Posts in "Section 272B"

No Penalty u/s 272B, if Reasonable cause proved for missing PAN nos. in TDS returns

ITO (TDS), Rohtak Vs The Executive Engineer,Provisional Division,Public Health, Jhajjar (ITAT Delhi)

Here the assessee originally did not have the correct PANs of all the persons from whose payments, tax at source was required to be deducted. Despite that, the assessee did deduct tax at source and paid the amount to the exchequer well in time. The only fault of the assessee was in not filling PANs of some of the deductees which were not ...

Read More

Don't Take TDS Lightly

Nowadays delay in payment of TDS and in TDS return Filing makes an assessee liable to Late Payment Interest, Late Payment Penalty, Late Filing Fees, Late Filing Penalty and Further makes him liable to prosecution under the provision of the Income Tax Act, 1961. In this article we are discussing some of these provisions which makes it clea...

Read More
Posted Under: Income Tax |

S. 272B Penalty is Rs. 10000 per deductor and not per wrong PAN

Commissioner of Income Tax-TDS Vs DHTC Logistics Ltd. (Delhi High Court)

The assessing officer had imposed penalty of Rs. 10,000/- in each case where PAN Number was not provided by the deductee. There were in all 30706 cases in which the PAN Number was missing or was incorrectly stated....

Read More

Browse All Categories

CA, CS, CMA (3,435)
Company Law (3,323)
Custom Duty (6,549)
DGFT (3,398)
Excise Duty (4,034)
Fema / RBI (3,224)
Finance (3,383)
Income Tax (24,786)
SEBI (2,704)
Service Tax (3,275)

Search Posts by Date

July 2017
M T W T F S S
« Jun    
 12
3456789
10111213141516
17181920212223
24252627282930
31