Wrong Calculation of Interest u/s 201(1A) by TDS CPC - Income Tax - Direct Tax Code - DTC - Articles

Wrong Calculation of Interest u/s 201(1A) by TDS CPC - Income Tax - Direct Tax Code - DTC - By - KAMAL AGARWAL - Dated - 10-12-2013 Last Replied Date - 12-12-2013 - Traces is calculating Interest u/s 201(1A) on a wrong footing. Section 210(1A) states as under (1A) Without prejudice to the provisions of sub-section (1), if any such person, principal officer or company as is referred to in that sub-section does not deduct the whole or any part of the tax or after deducting fails to pay the tax ................................... Income Tax - Direct Tax Code - DTC - Articles