Sunday, January 20, 2019

Thousands of taxpayers get notices for minor defaults

If there is a 'reasonable cause,' say, for failure to deposit TDS, Section 278AA of the Act provides punishment shall not be imposed. Although the term 'reasonable cause' is not defined, but instances such as illness of self or close kin and financial difficulties, if supported by evidence, could be accepted.

from RSSMix.com Mix ID 8289560 http://bit.ly/2ASBaeT
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