1. TAX DEDUCTED AT SOURCE
(TDS)

2. INDEX Introduction Payments covered under the scheme of TDS.
Provisions for filing Returns to the Income Tax Department.
Effects of Tax Evasion

3. Introduction
To avoid cases of tax evasion, the Income-Tax Act has made provisions to collect tax at source on accrual of income. Cases included in the scheme are, generally, those where income can be computed at the time of accrual of income. Under this scheme, persons responsible for making payment of income covered by the scheme are responsible to deduct tax at source and deposit the same to the Government’s treasury within the stipulated time. The recipient of income—though he gets only the net amount (after deduction of tax at source)—is liable to tax on the gross amount and the amount deducted at source is adjusted against his final tax liability. The details of the scheme of tax deduction and collection at source are briefly discussed in this presentation. To conclude one can say that the scheme of TDS is only payment of tax on adhoc basis by the payer of income on behalf of recipient.

4. Setps for TDS

5. TAN
Every deductor is required to obtain a unique identification number called TAN (Tax Deduction Account Number) which is a ten digit alpha numeric number. This number has to be quoted by the deductor in every correspondence related to TDS

6. Tax Deduction & Collection Account Number
Every person deducting tax or collecting tax should obtain a tax deduction & collection number
Such person should quote such number in every challan for payment u/s 200 or 206C(3), in every certificate furnished u/s 203 or u/s 206C(5)
In all the TDS returns delivered
In all other documents pertaining to such transaction as may be prescribed in the interest of revenue.

7. Payment covered under the scheme of TDS.
Salary (Sec.192)
Interest on Securities (Sec.193)
Dividends (Sec.194)
Interest other than Interest on Securities (Sec.194A)
Winnings from Lotteries or crossword puzzles (Sec.194B)
Winnings from Horse Races (Sec.194BB)
Payments to Contractors and Sub-contractors (Sec.194C)
Insurance Commission (Sec.194D)
Payment to Non-resident sportsmen or sports association (Sec.194E)
Payment in respect of NSC (Sec. 194EE)
Contd…

8. Payment covered under the scheme of TDS.
Payments in respect of Repurchase of units of Mutual Funds or UTI (Sec.194F)
Commission on Sale of Lottery Tickets (Sec.194G)
Commission or Brokerage (Sec.194H)
Rent (Sec.194I)
Fees for Professional or Technical Services (Sec.194J)
Payment of Compensation on acquisition of certain immovable property (Sec.194LA)
Other Sums (Sec.195)
Long term capital gain (Sec.196B)
Income or Long term capital gain from Foreign Currency bonds/Global Depository Receipts (Sec.196C)
Income of Foreign Institutional Investors from Securities (Sec.196D)
Contd…

9. Salary (Sec.192) Who is the payer Employer Who is the recipient
Employee
Payment Covered
Taxable Salary of the employee
At what time TDS to be deducted
At the time of payment
Maximum amount which can be paid without tax deduction
The amount of exemption limit (i.e.,Rs /190000/ for A.Y )
Rate at which tax to be deducted.
As per Calculation
When the provisions are not applicable --
Is it possible to get the payment without tax deduction or with lower tax deduction
The employee can make application in Form No.13 to the Assessing Officer to get the certificate of lower tax deduction or no tax deduction.

10. Interest on Securities (Sec. 193)
Who is the payer
Payer of interest on securities
Who is the recipient
A resident person holding securities
Payment covered
Interest on securities
At what time TDS to be deducted.
At the time of payment or at the time of credit, whichever is earlier
Maximum amount which can be paid without tax deduction
Rs. 2500
Rate at which TDS to be deducted
10%
When the provisions are not applicable
Interest on Central/State Government securities
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make application to the Assessing Officer in Form No. 13 or declaration to the payer in Form 15G or 15H as applicable

11. Dividends (Sec. 194) Who is the payer Domestic company
Who is the recipient
Resident shareholder
Payment Covered
Deemed dividend under section 2(22)(e)
At what time TDS to be deducted
At the time of payment
Maximum amount which can be paid without tax deduction
Rs.2500
Rate at which TDS to be deducted
20%
When the provisions are not applicable
Dividend covered by section 115-O
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make application to the Assessing Officer in Form No. 13 or declaration to the payer in Form 15G or 15H as applicable

12. INTEREST OTHER THAN INTEREST ON SECURITIES (Sec 194A)
Who is the payer
Any person paying interest other than interest on securities
Who is the recipient
A Resident person
Payment covered
Interest other than interest on securities
At what time TDS to be deducted.
At the time of payment or at the time of credit, whichever is earlier
Maximum amount which can be paid without tax deduction
If payer is banking company, co-operative engaged in banking business or Rs 10000/- if Payer is any other person Rs 5000/-
Rate at which TDS to be deducted
10% if the recipient is resident non-corporate assessee and 20% if the recipient is resident corporate assessee
When the provisions are not applicable
If the payee are Insurance companies or financial institutions including co-operative societies etc.
Is it possible to get the payment without tax deduction or with lower tax deduction
Declaration to the payer in Form 15G or 15H as applicable

13. Winnings from Lotteries or Crossword Puzzles (Sec. 194B)
Who is the payer
Any person paying winnings from lotteries/crossword puzzles/card games/other games
Who is the recipient
Any Person
Payment covered
Winnings from lotteries/crossword puzzles/card games/other games
At what time TDS to be deducted.
At the time of Payment
Maximum amount which can be paid without tax deduction
If the amount payment is Rs /- or less than Rs /-
Rate at which TDS to be deducted
30%
When the provisions are not applicable --
Is it possible to get the payment without tax deduction or with lower tax deduction
Not Possible

14. Winnings From Horse Races (Sec. 194BB)
Who is the payer
Any person paying winnings from horse races
Who is the recipient
Any person
Payment covered
Winnings from Horse Races
At what time TDS to be deducted.
At the time of payment
Maximum amount which can be paid without tax deduction
If the amount of payment is Rs. 5000/- or less than Rs. 5000/-
Rate at which TDS to be deducted
30%
When the provisions are not applicable --
Is it possible to get the payment without tax deduction or with lower tax deduction
Not Possible

15. Payments to Contractors And Sub-contractors (Sec.194C)
Who is the payer
Specified person
Who is the recipient
A resident person
Rate of TDS 2%
Payment Covered
Consideration for any Work Contract
At what time TDS has to be deducted
At the time of payment or at the time of credit
Maximum amount which can be paid without tax deduction
The tax is required to be deducted if a single payment exceeds Rs /- or if the aggregate payments exceed Rs /- per annum
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make application to the Assessing Officer in Form No. 13

16. Insurance Commission (Sec.194D)
Who is the payer
Any person paying insurance commission.
Who is the recipient
A resident person
Payment covered
Insurance Commission
At what time TDS to be deducted.
At the time of payment or at the time of credit whichever is earlier
Maximum amount which can be paid without tax deduction
If the amount of payment is Rs /- or less than Rs /-
Rate at which TDS to be deducted
10% if the recipient is resident non-corporate assessee and
20% if the recipient is resident corporate assessee
When the provisions are not applicable --
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make an application in Form No. 13 to the Assessing Officer to get the certificate of lower tax deduction or no tax deduction.

17. Payment to Non-resident sportsmen or sports association (Sec.194E)
Who is the payer
Any person making payment to non-resident sportsman/sports association
Who is the recipient
Non-resident sportsman/sports association
Payment covered
Payment to non-resident sportsman/sports association
At what time TDS to be deducted.
At the time of payment or at the time of credit whichever is earlier
Maximum amount which can be paid without tax deduction
Nil
Rate at which TDS to be deducted
10%+ Education cess etc and Surcharge as applicable
When the provisions are not applicable --
Is it possible to get the payment without tax deduction or with lower tax deduction
No Provision

18. Payments in respect of NSC (Sec.194EE)
Who is the payer
Post Office
Who is the recipient
Any Person
Payment covered
Payment (Principal+Interest) out of National Saving Scheme, 1987.
At what time TDS to be deducted.
At the time of payment
Maximum amount which can be paid without tax deduction
If the amount of payment is Rs.2500 or less than Rs.2500
Rate at which TDS to be deducted
20%
When the provisions are not applicable
The payment is made to legal heirs of the deceased depositor

19. Payments on account of repurchase of units of Mutual Funds or UTI (Sec
Payments on account of repurchase of units of Mutual Funds or UTI (Sec. 194F)
Who is the payer
Mutual Fund or UTI
Who is the recipient
Unit holder under section 80CCB
Payment covered
Payment on account of repurchase of units referred to in section 80CCB
At what time TDS to be deducted.
At the time of payment
Maximum amount which can be paid without tax deduction --
Rate at which TDS to be deducted
20%
When the provisions are not applicable
Is it possible to get the payment without tax deduction or with lower tax deduction
No Provision

20. Commission on Sale of Lottery Tickets (Sec.194G)
Who is the payer
Any person paying commission of sale of lottery tickets
Who is the recipient
Any person
Payment covered
Commission on sale of lottery tickets
At what time TDS to be deducted.
At the time of payment or at the time of credit, whichever is earlier
Maximum amount which can be paid without tax deduction
If the amount of payment is Rs or less than Rs. 1000
Rate at which TDS to be deducted
10%
When the provisions are not applicable --
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make an application in Form No. 13 to the Assessing Officer to get a certificate of lower tax deduction or no tax deduction

21. Commission or Brokerage (Sec.194H)
Who is the payer
Any person paying commission or brokerage
Who is the recipient
Any resident person
Payment covered
Commission or brokerage (not being insurance commission)
At what time TDS to be deducted.
At the time of payment or at the time of credit, whichever is earlier
Maximum amount which can be paid without tax deduction
If the amount of payment is Rs or less than Rs. 5000
Rate at which TDS to be deducted
10% (up to may 31, 2007 : 5%)
When the provisions are not applicable --
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make an application in Form No.13 to the Assessing Officer to get a certificate of lower tax deduction or no tax deduction

22. Rent (Sec.194-I) Who is the payer
Any person paying rent (not being an individual or HUF whose books of account are not required to be audited under section 44AB in the immediately preceding financial year)
Who is the recipient
A Resident Person
Payment covered
Rent
At what time TDS to be deducted.
At the time of payment or at the time of credit, whichever is earlier
Maximum amount which can be paid without tax deduction
Rs /-
Rate at which TDS to be deducted
For Plant and Machinary Rent 2% and for
For Use of and Land or Building including Furniture etc.
Individual Huf 10%
For any other 20%
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make application in Form No. 13

23. Fees for Professional or Technical Services (Sec.194J)
Who is the payer
Any person paying professional charges (not being an individual or HUF whose books of account are not required to be audited under section 44AB in the immediately preceding financial year)
Who is the recipient
Any Person
Payment covered
Professional services, technical services, Royalty,
At what time TDS to be deducted.
At the time of payment or at the time of credit, whichever is earlier
Maximum amount which can be paid without tax deduction
If the amount of payment during the financial year is Rs or less than Rs
Rate at which TDS to be deducted
10%
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make application in Form No. 13

24. Provisions for Filing Returns
Different Payments
In case the person deducting tax is a company or a Government department or a person whose books are required to be audited u/s. 44AB in the immediately preceding year or in whose case number of deductees in any of the quarterly statements in the immediately year is 20 or more
In case the person deducting tax is any other person
Time-limit for submission of return by the person deducting tax
Salary
Form No. 24Q in Electronic format and Form No. 27A
Form No. 24Q
Within 15 days from the end of each quarter (31st May in case of last quarter)
Payment (other than salary) to a resident
Form No. 26Q in Electronic format and Form No. 27A
Form No. 26Q
Payment (other than salary) to a non-resident
Form No. 27Q in Electronic format and Form No. 27A (quarterly)
Form No. 27Q (quarterly)

25. Issue TDS Certificates Sec. 203
Sr. No.
Form no
Periodicity
Cut off Date 1
16 For Salary
Annual
31st May of following financial year 2
16A Other than salary
Quarterly
Within 15 days from due date of furnishing the TDS statement under rule 31A

26. Dates for Payment of TDS
Deductor
For MARCH
For April to February
Government
On or before 7th of next month for salary
On the same day for other than salary & on or before 7th of next month for salary
Other than Government
On or before 30th April
On or before 7th of next month
Special Cases
30th April
Quarterly payment on or before 7th of the month succeeding quarter

27. Furnishing of quarterly returns for payment of interest to residents without Deducting Tax (Sec. 206A)
Banking company, Cooperative societies, & Public Companies shall furnish quarterly return to department in respect of payments of Interest (other than Interest on Securities) in any computer readable media.

28. Collection of Tax Who is the payer Seller Who is the recipient Buyer
Payment covered
As per Details in next slide
At what time TDS to be Collected.
At the time of receipt or at the time of debiting the account, whichever is earlier
Maximum amount which can be paid without tax collection
Nil
Rate at which TDS to be deducted
Is it possible to get the payment without tax deduction or with lower tax deduction
The recipient can make an application in Form No. 13 to the Assessing Officer to get a certificate of lower tax deduction or no tax deduction

29. Rates for Collection of TAX

30. Effects of Evasion of TDS (Sec 201)
Sr. No.
Reasons
Effects 1.
Non deduction of TDS
The expenditure for which TDS to be deducted gets DISALLOWED & penal for every month or part of month from the date on which such tax was deductible to the date of deduction 2.
Non payment of
TDS
The expenditure for which TDS deducted but not paid gets disallowed 3.
Less deduction of TDS.
The amount less deducted is required to be paid by the deduct or along with penalty 4.
Late Payment of TDS
The deductor should have to pay penal interest @1.5% for every month or part of month from date of deduction to the date of payment.

31. Penal Provisions

32. Based on TDS Proceedings
Practical Issues
Based on TDS Proceedings

33. Contents Uniform deduction of tax Exempt allowances
Payments by way of adjustment
Contract for Sale – Printing Charges
Contractor & Sub contractor payments
Reimbursement to C & F Agents
Reimbursement under Agency
Element of Agency
Rent on Plant & Machinery
Regular Contract vis-à-vis Rate Contracts

34. Contents Internet Connectivity charges – Technical Services?
Reimbursement of Expenses
Tax paid by Payee – non/short deduction
Time Limit under section 201

35. Case Study 1 FACTS
An assessee employer is liable to deducted tax at source under section 192.
Deduction of tax of the employees was not uniform during the year; very negligible in the initial months and high amount in the last months.
AO passed order levying interest under section 201(1A) on the grounds that tax was not properly deducted.

36. Case Study 1 ISSUES
Whether the Assessing Officer has rightly levied interest on non-uniformity of TDS deducted?
CASE LAWS
Vinsons v. ITO, 89 ITD 267 (Mum)
Grasim Industries Ltd. v. ITO, 92 TTJ 944 (Jodh)
Secy. Board Of Secondary Education, Rajasthan v. ITO, 93 TTJ 256 (Jaipur)
192(3)

37. Case Study 2 FACTS
The assessee company (employer) deducted tax under section 192 treating leave travel expense as exempt on the basis of declarations filed by the employee.
The assessee did not obtain any documentary evidence to treat LTA as exempt.
AO passed order under section 201(1) treating ‘assessee in default’ having regard to non-verification of travel payments proof.

38. Case Study 2 ISSUES
Is the AO’s order justified in treating the assessee as ‘assessee in default’ and levy interest u/s 201(1A)?
CASE LAWS
DCIT v. HCL Infosystems Ltd ITR 263
Savani Financials Ltd. v. ITO, 1 SOT 111
Lintas India Ltd. v. Ass. CIT, 5 SOT 310
DCIT v. Excel Industries Ltd., 5 SOT 235

39. Case Study 3 FACTS
G Ltd is a construction company engaged in the business of construction etc.
At the initiation of the job work, the client provides G Ltd. some interest bearing ‘mobilization and plant advance’, which is to be repaid by the end of the contract along with interest.
G Ltd. submits the running account bills on monthly basis depending on the completion of contract.
Against this the client recovers the principal + interest amount and thus G Ltd. does not actually pay any interest.
Since no direct payment of interest made, NO TDS deducted.

40. Case Study 3 ISSUES Is the contention of assessee correct?
Whether tax is required to be deducted at source under section 194A- ‘Interest other than interest on securities’?
What are the other implications of such non-deduction?
CASE LAWS
Raymond Limited V. DCIT 86 ITD 791.
Kanchanganga Sea Foods Ltd. v. CIT 265 ITR 644

41. Case Study 4 FACTS
Assessee engaged in business of imports and/or exports, engages services of Clearing & Forwarding agents.
Payments to such C&F agents comprise of the following:
Reimbursement of freight paid to shipping companies or airlines.
Reimbursement of freight on local transportation.
Reimbursement of import or export clearing expenses like payments to Port Trust, Airport Authorities of India, miscellaneous charges, etc.
Reimbursement of bonded warehousing charges.
Reimbursement of Customs duties and Octroi.
Reimbursement for Crane and Machinery charges to Port Trust etc.
Agency service charges.

42. Case Study 4 ISSUES
Whether any tax is liable to be deducted on any of the above payments to C&F agents?
If the agent has already deducted TDS on freight payment to the Indian Shipping Co., then whether the importer/exporter also needs to deduct tax on the payments made to the agents and if so then on what amount?
When C&F agent deduct tax and pays it to the exchequer, the payment would be on his own TDS account or his clients’ account number?
Contd……

43. Case Study 4 CASE LAW
CIT v. Industrial Engineering Projects Pvt. Ltd., 202 ITR 1014 (Del.)
CIT v. Dunlop Rubber Co. Ltd, 142 ITR 493 (Cal.)
Raymond Ltd. 86 ITD 791 (Mum.)
Associated Cement Co. Ltd.(SC) 201 ITR 435

44. Case Study 5 FACTS
The assessee is a pharmaceutical company, engaged in manufacturing and selling business.
It procures packing material like plastics wrappers, containers, cardboard boxes etc from the vendors (manufacturers) as per assessee’s desired specifications viz. brand name, name & address, designs, trademarks etc.
Similarly, payments are also made to printing and stationary vendors who supply printed letterheads, business cards, sales and other printed literature where the printing is done as per the assessee’s specifications.
Vendor’s charge excise duty and sales tax on such items.

45. Case Study 5 ISSUES
Whether TDS is required to be deducted under section 194C for payments made as printing charges?
CASE LAWS
BDA Ltd. v. ITO (TDS), 281 ITR 99 (Mum.)

46. Case Study 6 FACTS
G Ltd. is engaged in the business of engineering and construction.
G Ltd enters into execution of construction contracts.
G Ltd has made certain payments for carrying out certain ancillary work undertaken for the purpose of executing the above contracts.

47. Case Study 6 ISSUES
Whether the payments made by G Ltd should be treated as payments for main contract or as sub-contract for deduction of tax at source u/s 194 C?
CASE LAWS
Datta Digamber Sahakari Kamgar Sanstha Ltd. V. ACIT 83 ITD 148 (Pune)
ITO V. Rama Nand & Co. And Others 163 ITR 702

48. Case Study 7 FACTS
Assessee, a Govt. establishment procured milk from various Sanghs etc and sold it in the market through milk centres run by the appointed agents.
Agents sold the goods at the price fixed by the assessee.
Assessee used to reimburse these Re.0.90 per litre towards transport cost, container cost and chilling charges.
Assessee had given the nomenclature as Commission for such payments.
AO held to deduct tax u/s 194H as payments for commission.

49. Case Study 7 ISSUES
Is the said transaction based on ‘principal-agent’ relationship?
Whether any TDS is required to be deducted u/s 194H?
CASE LAWS
Government Milk Scheme v. ACIT [2006] 98 ITD 306

50. Case Study 8 FACTS
B Ltd is engaged in the business of providing cellular mobile telephone services through its distributors.
It sold SIM and other pre-paid cards at a fixed rate [below market price] to such distributors for ultimate sale to customers.
As agreed, all rights, title, ownership and property rights in such cards would all time vest with B Ltd.
Assessee claimed such price difference as discount allowed and not as commission defined in Expl. u/s 194H
AO treated it as default and levied interest under section 201(1) and 201(1A).

51. Case Study 8 ISSUES
Is the AO’s claim justified in treating it as commission?
Whether provisions of section 194H gets attracted??
CASE LAWS
ACIT v. Bharti Cellular Ltd. 105 ITD 129 (Cal.)
Hindustan Coca-Cola Beverages (P.) Ltd. v. ITO [2005] 97 ITD 105 (Jp.)

52. Case Study 9 FACTS X Ltd. is in the business of running a call centre.
Contract is entered with transport contractor for transporting the employees of X
X Ltd. uses the bus or van and such other means of transport for this purpose.
The payments made by X Ltd to transport contractor are fixed hire charges .
TDS is deducted by X u/s 194 C.
AO is of the view that payments are in nature of ‘rent’ under section 194I, as defined by Tax Law Amendment, 2006.

53. Case Study 9 ISSUES Is the stand taken by the AO is correct?
CASE LAW & REFERENCE
Circular No. 558 dated

54. Case Study 10 FACTS
PQR Ltd., the assessee, is engaged in the business of providing airline services.
Co. frequently requires hotel rooms for accommodation of its pilots and crew members.
Co. books rooms and makes payments for hire of rooms.
PQR Ltd. has entered into ‘rate-contracts’ with some and with others the nature of contract is such that hotels are under an obligation to provide accommodation to PQR Ltd.
TDS is deducted under section 194C.

55. Case Study 10 ISSUES
Is PQR Ltd. required to deduct tax under section 194-I or whether the co. is justified in deducting under section 194C?
CASE LAWS
Krishna Oberoi and another v. UOI [2002] 257 ITR 105 (AP)
Circular No. 5/2002 dtd , 194I does not apply to Rate Contracts.

56. Case Study 11 FACTS G Ltd. is a manufacturer.
Company has made payments to an Indian entity towards the Internet connectivity, Vo-Data card charges and Domain registration charges.
No TDS is deducted on such payments made.
Company has a view that the payments made are not in terms with ‘payment for technical services’ as covered under section 194J.
However, CCIT treats the payments made as ‘fees received for providing technical services’ and deduct tax at source.

57. Case Study 11 ISSUES
Is G Ltd correct in its stand that the payments made to providers of internet connectivity, facility of Vo-Data card or domain registration charges are out of the purview of ‘fees for technical services’?
Whether TDS should be deducted on such payments?
CASE LAW
Skycell Communications Ltd (251 ITR 53) [Mad.]

58. Case Study 12 FACTS
The invoice raised on the assessee was inclusive of professional charges and service tax thereon and reimbursement of actual expenses.
No TDS deducted on the reimbursement of expenses.
Under ‘any sum paid’ as referred to in Sec.194J, reimbursement of actual expenses cannot be deducted out of the bill amount for the purpose of tax deduction. [Circular: No. 715 dtd ]
AO relied on CBDT circular and levied interest u/s 201(1A).

59. Case Study 12 ISSUES
Whether TDS will be deductible on gross value of bill or on net?
Will the answer be different if separate bills are raised for both?
CASE LAW
ITO v. Dr. Willmar Schwabe India (P) Ltd. , 3 SOT 71.

60. Case Study 13 FACTS
A Ltd., the assessee, entered into a lease agreement with B Ltd. for taking premises on lease with a separate agreement on hire of furniture.
A Ltd. fails to deduct tax at source under section 194-I on the lease payments made to the payee.
However B Ltd. while filing his return of income declared the said receipt of income and paid taxes thereon.
Assessing officer issued notice under section 201(1) & 201(1A) levying interest for non deduction of TDS.

61. Case Study 13 ISSUES Whether the AO can issue such a notice on A Ltd.?
If yes, is he liable to pay tax?
If not, is he liable to pay interest?
If yes, what is the period for which interest is payable?
CASE LAWS
CIT v. Adidas India Marketing Pvt. Ltd. , 288 ITR 379
CIT v. Rishikesh Apartments Co-op Housing Soc. Ltd. 253 ITR 310,316 (Guj.)

62. Case Study 14 FACTS
A Ltd. delayed in depositing the tax deducted at source into Government’s account for the assessment years to
For the above stated Ass. yrs. the Assessing Officer passed orders dated levying interest under section 201(1A) on the grounds of such delay.
The assessment and other proceedings for all those years has been completed much earlier.
Appeal was filed by A Ltd. saying no such interest could be levied after lapse of such a long time.

63. Case Study 14 ISSUES
Whether in absence of the prescribed time limit for initiation and completion of proceedings under the Act, initiation of proceedings should be within reasonable time?
What can be the reasonable time period of levy of interest under section 201(1A) for delay in deposit of TDS?
Whether AO can levy/order interest u/s 201(1A)?
CASE LAWS
Raymond Woollen Mills Ltd. 57 ITD 536 (Mum.)
Century Textiles & Industries Ltd. 13 SOT 507 (Mum.)

64. Questions?

65. Thank You!