PFA
TDS on sale of Immovable Property- Beware CPC TDS issuing intimation for late deposit of TDSby CA Sandeep Kanoi |
In its latest move to penalise late payers of TDS, the CPC TDS has started issuing intimation u/s 200A of the Income Tax Act'1961 to the deductors u/s 194IA i.e the buyers of property who have paid TDS U/s 194IA late. The CPC TDS is not only charging interest u/s 201 but also late fee u/s 234E of the Act.
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View attachments on the web Posted by: Dipakkumar Shah <cadjshah@yahoo.com>
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