Penal Consequences of Delay/Default in Depositing Tax Deducted at Source

The concept of Tax Deducted at Source (“TDS”) was introduced with an aim to collect tax from the very source of income. As per this concept, a person who is liable to make payment of specified nature to any other person shall deduct tax at source and remit the same into the account of the Central Government.The concept of Tax Deducted at Source (“TDS”) was introduced with an aim to collect tax from the very source of income. As per this concept, a person who is liable to make payment of specified nature to any other person shall deduct tax at source and remit the same into the account of the Central Government.taxmann.com Latest ArticlesRead More

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