Tag Archives: person fails TDS liable to pay interest under section 201(1A) if payee furnishes nil Reurn

TDS Default- Payer Liable to pay Interest even if Payee furnishes NIL Income Tax Return

By | January 3, 2017

Issue “Whether a person who fails to deduct at source under section 194C is not liable to pay interest under section 201(1A) if the payee of such amounts has files a nil return or a return showing a loss? Held The language of Section 201 is clear and unqualified. It indeed does not permit an… Read More »