Bogus HRA Exemptions tracked automatically

Bogus HRA Exemptions tracked automatically

-Dr. Lalit Kumar Setia

The statement of annual information tracks the financial dealings of an individual with a PAN number. Like 26AS – Tax Credit Statement, the AIS can be downloaded by logging in to the incometax.gov.in portal.

PAN number relating dealings are tracked automatically

Wherever the bank account is opened, it is a must to mention the PAN number. Whenever any interest be credited in the saving or fixed deposit bank account, it will automatically be tracked in the Annual Information Statement (AIS). An individual has to verify only, at the time of filing the income tax return. Similarly, the income from dividends or income from the sale of sales, everything is connected with an account, opened with the PAN number.

Rental income will automatically be tracked

The employees in the job, require to give the PAN number of the landlord, to whom they are paying the rent. The employer while giving the HRA exemption, requires to insert the PAN number of the landlord to whom the rent is paid by the employee. This information will be included in the Annual Information Statement of the person whose PAN number is provided by the employee and submitted by the employer to the income tax department. The rental income will automatically be mentioned in the pre-filled income tax return of the person whose PAN number is mentioned.

Bogus HRA exemptions will be tracked automatically

Mr. A in Jhajjar Haryana is working in a Government job in Gurgaon. When his drawing and disbursing officer asked him to provide the PAN number of the landlord, for getting exemption on the HRA amount, he submitted the name and PAN number of the landlord.

In case, he is not providing the PAN number of the landlord and the amount of monthly rent paid is above Rs. 8000 (eight thousand) rupees, then the DDO will not give any tax exemption. The rent receipts are required to be submitted to the DDO and even the rent agreement or declaration is required.

The Annual Information Statement of the landlord will intimate him/her that he/she earned from the rental income and he/she has to report the same in the income tax return.

Section 194I is particularly for TDS on rent paid

As per the income tax act, the individuals who are paying monthly rent above Rs. 50 thousand, require to deduct TDS @5% at the time of paying rent to the landlord. The TDS will be deposited by the individual using his PAN number and it will automatically disclose the income of the landlord to the income tax department. In case, the landlord did not report any rental income, he/she will get a notice from the income tax department.

False Rent Paid Declaration may be tracked automatically

It is also possible that the employees mention the PAN number of another person to the employer in the self-declaration. It is also possible that the employees are giving fake rental receipts to the employer. The bogus declaration of the HRA with PAN number will show the rental income in the AIS of a genuine person. The genuine person may submit feedback on AIS citing the amount mentioned in the pre-filled income tax return or AIS is incorrect. In such a case, the false rent paid declaration will be tracked automatically.  

 *Copyright © 2021 Dr. Lalit Kumar. All rights reserved. 

All Intellectual Property rights including Copyright etc. are reserved and vested exclusively with the author or editor, Dr. Lalit Kumar. No part of the material contained in this webpage may be reproduced or transmitted in any form or by any means, electronic, technical, photocopying, recording or otherwise, or stored in any retrieval system of any nature without the written permission of the author or editor, Dr. Lalit Kumar. 

This content is written by Dr. Lalit Kumar Setia; a renowned author and trainer. He completed his Doctorate in Commerce from Kurukshetra University Kurukshetra and MBA in Information Technology from GJU, Hisar. He also wrote two books, 15 research papers, and organized more than 200 Training Courses during his working period since 2006 in Haryana Institute of Public Administration, Gurugram. The article was published on 23rd December 2021 and last updated on 23rd December 2021. The writer can be contacted on lalitkumarsetia@gmail.com 

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How a Person Caught for Tax Evasion

 How a Person Caught for Tax Evasion

-Dr. Lalit Kumar Setia

Modes of Tax Evasion:

Taxpayers most of the time, try to delay the payment of taxes or even be failed to pay the taxes. The Government takes it very strictly and there are provisions of penalties, late fees, interest on delayed payment etc. Secondly, there are instances where the smuggling is used to hide the transactions and such things are curbed with the help of taxation inspectors. Third, one of the major modes of tax evasion is the submission of false tax returns. In Government as well as Corporate organizations, the employees and suppliers to organizations, submit false tax returns hiding their income; known as concealment of income. Submission of false tax returns is taken very strictly and the person is required to pay 300% of the amount including a 200% penalty and even there are provisions for imprisonment if it is done intentionally by a person.

The fourth way is to show inaccurate financial statements, most organizations maintain two types of books, one in the fairway and the second is a rough way. Whenever any taxation inspector or audit team comes into the shop/office, the fair accounts are shown which are incomplete. Even it is tried to give bribes and hide the facts from Government.

The fifth way is the submission of false documents (affidavits, certificates, undertakings, etc.) particularly to claim exemptions, deductions, and other benefits available in the Income Tax Act. This is mostly done by the persons who know the provisions in a smarter way.

The sixth way is ‘Non Reporting of Income’, for example, hiding the income from specified sources such as the sale of assets, business transactions without taking money in a bank account, etc.

The seventh way is ‘to store the money and wealth outside the country so that the Government cannot look into the money and wealth retained by the persons.

How Government collects Tax?

The Income Tax Department directs Drawing and Disbursing Officers (DDOs) to deduct a certain percentage of tax from certain specific nature of payments and thereafter remit the same. In the United States of America (USA) is known as ‘Pay As You Earn’ means the citizens while receiving an income, get the tax deducted first. It is basically a great method to reduce tax evasion. Isn’t it?

Status of Income-tax return forms

In India, the extended last date of Income-tax return was 31st December 2021. As of 19th December 2021, the total income tax return forms received were 3.83 crores out of which, more than 50% that is 2.17 crores were submitted by salaried employees. The figures state that out of people contributing to the collection of income tax, the majority of taxpayers belonged to the 'Salaries category', and this majority matters in the economic development of India. 

In Government organizations, DDOs are responsible to withdraw government money from the treasury and disburse the same as per the rules of the Finance Department. How do DDOs support tax administration? What is expected from the DDOs as far as Income Tax is concerned?

A. Obtaining Tax Deductor Account Number (TAN):

Before deducting tax at source (TDS), it is a must for the DDOs to obtain a Tax Deductor Account Number (TAN). It is required to mention the TAN number while depositing the TDS, submit the return of TDS, and issue the certificate of TDS to the deductee.

B. Receiving the correct PAN number from the Deductees and Mentioning it:

It is true that the DDO has to deduct TDS if payments are of certain specific nature as per the Income Tax Act. But it is also necessary that the amount deducted at the source is reflected in the correct PAN of deductees. In case, the PAN number is written wrong or the deductee submits it wrong; the tax credit cannot be provided.

C. Tax Deduction at Correct Rate as per Act and its Deposit

A DDO should be aware of the provisions of Income Tax, how much tax or at which rate, the tax be deducted from which nature of the payment. After deduction of tax, it cannot be retained in the pocket of DDO or in any other account of office/government. It is required to transfer the deducted amount to the designated banks either through book transfer or challan. In case, the TDS is collected by Government Department then it is transferred immediately with the book transfer entry at the time of making payment, and in case of others, it is required to deposit the TDS amount before the 7^th of the following month. There is one exception, that is the last month of the financial year i.e. March. In case, the TDS amount is collected by others (i.e. other than Government Department), it is required to deposit the amount before 30^th April.

For a deposit of TDS, the deductor is required to use Challan no. 281 and pay the amount either on the web portal of Income Tax or in designated banks that facilitate Income Tax Department in effective administration. It is also necessary to quote the correct section of the Income Tax Act with the correct rate of TDS in each deductee record.

D. TDS / TCS Return filing by Deductors:

All Government Departments, Companies, Persons whose accounts are required to be audited, and the persons with more than 50 deductees are required to compulsorily submit the TDS / TCS return in a specific format i.e. Form 24Q for Salaries Payments, Form 26Q for Non-Salaries Payments, and Form 27EQ for Tax Collection at Source, etc.

It is also necessary to file the correction statements whenever there is any discrepancy noticed in the earlier-filed TDS / TCS returns.

E. Issue of Certificates to the Deductees:

It is required to issue the certificate to the deductee with mentioning the details of the amount deducted. In the case of salaried deductees, Form 16 is issued up to 31^st May and in the case of non-salaried deductees, Form 16A is issued within 15 days from the due date of furnishing the TDS return.  

*Copyright © 2021 Dr. Lalit Kumar. All rights reserved.

This article is written by Dr. Lalit Kumar Setia; a renowned author and trainer. The article was published on 27th July, 2021 and last updated on 4^th September, 2021. The writer can be contacted on lalitkumarsetia@gmail.com 

Next Pages

-Taxability of Conveyance Allowance

https://questionsinexam.blogspot.com/2021/07/taxability-on-conveyance-allowance.html

-Irregularities in Tendering:

https://drlalitsetia.blogspot.com/2021/07/irregularities-in-tendering.html 

-TDS on payment made to Government

https://drlalitsetia.blogspot.com/2021/08/tds-on-payment-made-to-government.html

Compliance of 206AB for DDOs

Compliance of 206AB for DDOs

-Dr. Lalit Kumar Setia

In the Union Budget 2021, a new rule was introduced to deduct Tax Deduction at Source (TDS) at higher rates on cases with certain nature of income and from the persons who have not filed Income Tax Return (ITR) in the last two years and total amount TDS exceeds Rs. 50,000 in each year. How to know, whether the person whose TDS is being deducted is the person with requirement to deduct TDS rates at higher rate or not? What will be the rate of TDS if it is required to deduct at higher rate? How to ensure compliance of Section 206AB which is having this rule?

How much TDS be deducted if person lies in certain category to deduct TDS on Higher Rate?

As per provisions, the TDS will be either “twice the rate of TDS normally deducted as specified in a particular relevant section” or 5% whichever is higher. It means the TDS rate will be at least 5% for such persons and higher than 5% if twice rate of TDS is more than 5%.

How to know that the person whose TDS to be deducted, has not filed ITR during last two years and total TDS amount exceeds Rs. 50,000 in each year?

The Deductors (DDOs in Government) required to ensure compliance of 206AB & 206CCA which states to deduct TDS at higher rates for certain category of persons. How to know whether the person whose TDS is being deducted falls in such category or not.

The Income Tax Department web-portal has a functionality to check such persons by inserting their PAN number or PAN Numbers in bulk. The deductors (if required) can feed PAN number of the person and get the response from the web-portal, download the response in .pdf file, and thereafter keep the same or show the same to the person and deduct TDS at higher rates. For the Financial year 2021-22, from 1^st July 2021, it is enforced to implement section 206AB and 206CCA.

The persons who did not file Income Tax Returns (ITRs) of FY 2018-19 and FY 2019-20 and have aggregate of TDS amount Rs. 50,000 or more in each of the previous years; will be listed in that functionality. The Income Tax Department will list such persons every year and according to the list, the Deductors will have to deduct TDS at higher rate for such persons whose name is listed in the functionality.

As per notification no. 1 of 2021-Income Tax dated 22.06.2021:

Compliance Check Functionality for Section 206AB & 206CCA of Income-tax Act 1961

Section 206AB and 206CCA inserted in the Income-tax Act,1961 (effective from 1st July 2021), imposed higher TDS/TCS rate on the “Specified Persons’ defined as under,

“For the purposes of this section ‘ specified person” means a person who has not filed the retums of income for both of the two assessment years relevant to the two previous years immediately prior to the previous year in which tax is required to be collected, for which the time limit of filing retum of income under sub-section (1) of section 139 has expired; and the aggregate of tax deducted at source and tax collected at source in his case is rupees fifty thousand or more in each of these two previous years.

Provided that the specified person shall not include a non-resident who does not have a permanent establishment in India.

Explanation.-For the purposes of this sub-section, the expression ‘permanent establishment” includes a fixed place of business through which the business of the enterprise is wholly or partly carried on.”

2. To facilitate Tax Deductors and Collectors in identification of Specified Persons as defined in sections 206AB and 206CCA, the Central Board of Direct Taxes (“CBDT”), in exercise of powers conferred under section 138(1 )(a)(i) of Income-tax Act, 1961 (Act), has issued Order via F.No. 225/67/2021/ITA.II dated 21.06.2021 , directing that Director General of Income-tax (Systems), New Delhi shall be the specified income-tax authority for furnishing information to the “Tax Deductor/Tax Collector”, having registered in the reporting portal of the Project Insight through valid TAN, to identify the ‘Specified Persons’ for the purposes of section 206AB and 206CCA of the Act through the functionality “Compliance Check for Section 206AB& 206CCA”.

3. Income Tax Department has released a new functionality ·Compliance Check for Section 206AB & 206CCA to facilitate tax deductors/collectors to verify if a person is a “Specified Person” as per section 206AB & 206CCA. This functionality is made available through (https://report.insight.gov.in) of Income-tax Department. Kindly refer to CBDT Circular No. 11 of 2021 dated 21.06.2021 regarding use of functionality under section 206AB and 206CCA of the Income-tax Act, 1961 .

4. The following procedure is laid down for sharing of information with tax deductors/collectors:

a) Registration: Tax Deductors and Collectors can register on the Reporting Portal by logging in to e-filing portal (http://www.incometax.gov.in/) using e-filing login credential of TAN and clicking on the link “Reporting Portal” which is available under “Pending Actions” Tab of the e-filing Portal. After being redirected to the Reporting Portal, the tax deductor/collector needs to select Compliance Check (Tax Deductor & Collector) under Form Type. The details of the principal officer also need to be provided by clicking on “Add Principal Officer” button. The principal officer is the authorized person of the tax deductor/collector to use the Compliance Check functionality on reporting portal. After submission of registration request, email notification will be shared with the Principal Officer along with ITDREIN details and login credentials.

b) Accessing the Compliance Check functionality: 

Principal Officers of the entities (Tax Deductors & Collectors) which are registered with the Reporting Portal through TAN shall be able to use the functionality after login into the Reporting Portal using their credentials. After successfully logging in, link to the functionality “Compliance Check for Section 206AB & 206CCA” will appear on the home page of the Reporting Portal.

c) Using “PAN Search” mode: 

Under the “Compliance Check for Section 206AB & 206CCA” page, “PAN Search” tab may be selected to access the functionality in PAN Search mode. In this mode single valid PAN along with captcha can be entered at a time and output will be available with following fields,

o    Financial Year: Current Financial Year

o    PAN: As provided in the input.

o    Name: Masked name of the Person (as per PAN).

o    PAN Allotment date: Date of allotment of PAN.

o    PAN-Aadhaar Link Status: Status of PAN-Aadhaar linking for individual PAN holders as on date. The response options are Linked (PAN and Aadhaar are linked), Not Linked (PAN & Aadhaar are not linked), Exempt (PAN is exempted from PAN-Aadhaar linking requirements as per Department of Revenue Notification No. 37/2017 dated 11th May 2017) or Not-Applicable (PAN belongs to non-individual person).

o    Specified Person u/s 206AB & 206CCA: The response options are Yes (PAN is a specified person as per section 206AB/206CCA as on date) or No (PAN is not a specified person as per section 206AB/206CCA as on date).

Output will also provide the date on which the “Specified Person” status as per section 206AB and 206CCA is determined.

d) Using “Bulk Search” mode: 

Under the “Compliance Check for Section 206AB & 206CCA” functionality page, “Bulk Search” tab may be access to access the functionality in Bulk Search mode. This mode involves following steps:

i. Preparing request (Input) file containing PANs: Under the “Bulk Search” page, CSV Template to enter PANs details may be downloaded by clicking on “Download CSV template” button. PANs for which “Specified Person” status is required may be entered in the downloaded CSV template. The current limit in the number of PANs in a single file is 10,000.

ii. Uploading the input CSV file: Input CSV file may be uploaded by clicking on Upload CSV button. Uploaded file will start reflecting with Uploaded status.

iii. Downloading the output CSV file: After processing, CSV file containing “Specified Person” status as per section 20SAB & 206CCA of the entered PANs will be available for download and “Status’ will change to Available. Output CSV file will contain PAN, Masked Name, Specified Person Status as per section 20SAS & 206CCA, PAN-Aadhar Link status and other details as mentioned in paragraph c) above. After downloading of the file, the status will change to Downloaded. The download link will expire and status will change to Expired after specified time (presently 24 hours of availability of the file).

5. For any further assistance, Tax Deductors & Collectors can refer to Quick Reference Guide on Compliance Check for Section 206AS & 206CCA and Frequently Asked Questions (FAQ) available under “Resources’ section of Reporting Portal. They can also navigate to the “Help” section of Reporting Portal for submitting query or to get a call back from Customer Care Team of Income-tax Department. Customer Care Team of Income-tax Department can also be reached by calling on its Toll Free number 1800 1034215 for any assistance.

6. This issues with the approval of CBDT. (Sanjeev  Singh), ADG(Systems)-2 CBDT. 

On which categories of income, Section 206AB is not applicable?

The Drawing and Disbursing Officers (DDOs) in Government organizations and employers in Private Sector Organizations; generally deduct TDS on Salaries of the employees u/s 192 of Income Tax Act. The new section 206AB is not applicable on such TDS deduction. Further, it is also not applicable on TDS deducted on withdrawl from Provident Funds u/s 192A, Winnings from Lotteries / races on which TDS is deducted u/s 194B & 194BB, Payment of certain amount on which TDS is deducted u/s 194N, and Income in respect of investment in securitisation trust on which TDS is deducted u/s 194LBC.

Section 206AB and Section 206CCA will be applicable on the persons whose time limit for filing ITR under section 139(1) has expired and the person has not filed ITR during last 2 previous years and also whose aggregate TDS in each of these previous years is Rs. 50,000 or more.

Are you interested in an Online Course related to Income Tax?:

1. https://smartinstituterls.blogspot.com/2022/12/income-tax-matters-in-government.html 

2. https://smartinstituterls.blogspot.com/2022/12/computation-of-income-tax-liability.html

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Attention Deductors - Deposit of TDS

Attention Deductors - Deposit of TDS

-Dr. Lalit Kumar*

The TAN holders or deductors are required to deposit the amount deducted from the payments and issue a TDS certificate to the recipients of the payment. There are two ways to pay the TDS in the Income Tax Department; firstly without generating the Income Tax Challan and Secondly with generating the Income Tax Challan. In the case of TDS deposited without generating Income Tax Challan, the due date for the deposit of TDS is the same day when the payment is made and tax is deducted. In the case of TDS deposited by Income Tax Challan, the due date for the deposit of TDS is the 7^th of the coming month in which the deduction is made from the payment.

There are a few exceptions, in case the sum is deducted under section 194-IA or 194-IB or 194M then it is required to generate challan in Form no. 26QB or 26QC or 26QD; the due date is 30 days from the end of the month in which the deduction is made.

How to pay or deposit the amount of TDS:

Generally, the TDS is processed through electronic fund transfer at the time of making payments on which TDS is required to be deducted. For example, the Government Department or organizations remit the TDS without generating Income Tax Challan, by making book adjustments or book transfers and furnishing 24G or 26G to NSDL every month. However, if it is not possible, then the deductor can also furnish Challan No. 281 in an authorized bank for processing the amount of TDS to the Income Tax Department.

What will happen if TDS is not deducted or deposited by the Deductors?

It is the duty of the deductor to deduct the TDS before making payments and remit the same by adopting the above-said procedure. In case, the deductor failed to deduct TDS from the payment and not deposit the same to the Income Tax Department, it means the deductor is in default.

In such circumstances, (a) in case the deductor fails to deduct TDS, it is required to pay simple interest @1% per month or part of a month, on the amount of TDS for the period of delay (months or part of a month between “Date of tax deducted and date on which tax was deductible). (b) in case the deductor deducted the TDS but not deposited, it is required to pay simple interest @1.5% per month or part of a month, on the amount of TDS for the period of delay (months or part of a month between “Date of tax actually paid and date of TDS deducted).

Further, under section 271C, there is a penalty provision equal to the amount of TDS not deducted by the Deductor. Such penalty can be up to the amount of tax in arrears as per the provisions of section 221. Apart from the penalty, the deductor shall be punishable with rigorous imprisonment for a term not less than 3 months but which may extend to 7 years.

Are you interested in an Online Course related to Income Tax?:

1. https://smartinstituterls.blogspot.com/2022/12/income-tax-matters-in-government.html 

2. https://smartinstituterls.blogspot.com/2022/12/computation-of-income-tax-liability.html

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Duties of DDOs in Taxation Matters

Duties of DDOs in Taxation Matters  

 Introduction:

In the Financial Year 2020-21, the new regime of income tax rates be available as an option to the taxpayers. Why Government brought this new regime as an option? After analysing the data it was found that during last two decades due to a great number of deductions and exemptions available to the taxpayers, instead of 62% rise in the number of individuals filing income tax returns; there was only 22% rise in number of individuals paying income taxes. Rest 40% increased return filers were able to prove 'nil' tax liability.  It's easy to detect the wrong deductions and exemptions claimed by the salaried individuals because their incomes are credited in their bank accounts but in case of self-employed and businessmen, it is very difficult. Therefore, this option is provided to easily curb the wrong practices of non-salaried individuals.

In Government Departments, a Drawing and Disbursing Officer (DDO) is responsible to ensure the compliance of taxation laws and he is expected to not only submit the tax returns but also to guide and suggest other officers for taking care of various provisions of taxation. The DDO adopts participatory approach and include Accounts Section to enforce the taxation rules. The Government ensure the compliance of financial rules, taxation rules through DDOs. The workshops are generally organized on taxation issues. There are three types of major duties related with taxation matters:

(i) Income Tax Return (ITR):

Who should file Income Tax Return and How:

The DDOs are expected to guide the Government employees with regard to accurate procedure of filing Income Tax Return. Most of the Government employees are salaried individuals, in case their salaries and other incomes exceed Rs. 2,50,000 (Basic Exemption Limit); it becomes mandatory to file Income Tax Return by 31^st July of the Assessment Year. The Income Tax Return can easily be filed either is physically mode or electronic mode. The individuals with total income less than 5 Lacs can file their return in physical form by downloading the Income Tax Return Form from website of Income Tax Department i.e. incometaxindia.gov.in.

Filing of Income Tax Return:

Go to http://incometaxindia.gov.in/ and open the menu ‘Forms/Downloads’ and click upon ‘Income Tax Returns’. Thereafter, download Income Tax Return-1 and its instructions provided along with it. Even if the total income becomes equal or more than 5 Lacs, an individual should download this form and fill it as a preliminary work before filing Income Tax Return in electronic mode. Thereafter, in case of income less than Rs. 5 Lacs, the form may also be submitted in the Income Tax Department. For individuals with income more than Rs. 5 Lacs, it is required to fill the same details by accessing the website https://www.incometaxindiaefiling.gov.in/

Type of Income Tax Return Forms:

Every DDO should be equipped with the knowledge of various types of Income Tax Return Forms i.e. ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7.

Income Tax Return Form No. ITR-1:

This form is suitable only for individuals being a resident (other than not ordinarily resident) having total income up to Rs. 50 lacs, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousand. The Government employees who have ownership of more than one house property or who have ownership of agricultural land with agriculture income more than Rs. 5000 should not file Income Tax Return Form No. 1. They should file Income Tax Return Form No. 2.

Income Tax Return Form No. ITR-2:

The ITR Form No. 2 is for Individuals and HUFs not having income from profits and gains of business or profession. This form is used only if an individual’s sources of incomes are only Salary but also house property or capital gains. In case, the individual is also earning from business or profession, then he should file Income Tax Return Form No. 3.

Income Tax Return Form No. ITR-3:

The ITR Form No. 3 is for individuals and HUFs having income from profits and gains of business or profession.

Income Tax Return Form No. ITR-4:

This form is suitable only for Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs.50 lacs and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE

Income Tax Return Form No. ITR-5:

This form is not filed by individuals. It is suitable for persons other than, - (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7.

Income Tax Return Form No. ITR-6:

This form is suitable for Companies other than companies claiming exemption under section 11.

Income Tax Return Form No. ITR-7:

This form is suitable only for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only.

(ii) Tax Deduction at Source:

A Drawing and Disbursing Officer is also ‘Tax Deductor’ on behalf of Income Tax Department and he is also required to take Tax Deductor’s Account Number (TAN) from the Income Tax Department. Thereafter, he should register on https://tdscpc.gov.in/ with the TAN Number by clicking upon ‘Register as a new user’.

As per the provisions of Income Tax Act, 1961, the DDOs are responsible for tax deduction at source on specified types of payments made by the Government offices. The tax deducted at source should not be less than its requirement and it should be deposited in the Income Tax Department through using appropriate form and thereafter the details of the same should be submitted within the prescribed time. Apart from DDOs, the electronic TDS (e-TDS) return is also required to be filed by Companies, Persons required to get their accounts audited u/s 44AB of the Income Tax Act, 1961; and the deductors reporting more than 20 deductee records for any quarter of the financial year. The Government of India prepared and operate an integrated platform for providing various services to deductors known as TRACES (TDS Reconciliation Analysis and Correction Enabling System). The DDOs and Deductors can easily view the status of challans and TDS-TCS credit for a PAN on this portal. They can also download Conso File, Form 16 / 16A and Justification Report from this portal.

(iii) Goods and ServicesTax:

Every Drawing and Disbursing Officer should be aware of Section 51 of Goods and Services Tax Act 2017 and get registered as a deductor under the Act. Whenever a payment is made or credited to a supplier of taxable goods or/and services it is required to deduct Tax Deduction at Source on GST.

TDS on GST:

As per section 24(vi) of GST Act, a DDO will register himself by using TAN Number at the portal of GST i.e. www.gst.gov.in, and in case, he enters into a contract for purchase of goods or/and services with total value of taxable supply (excluding GST) more than Rs. 2.5 Lacs; he will deduct TDS on GST @2%. After deducting the TDS on GST, the same will be paid to the Government within 10 days after the end of the month in which deduction was made. Thereafter, he will also submit return in the Form GSTR-7 and furnish system generated TDS certificate in Form GSTR-7A to the deductee within 5 days of crediting payment of TDS to the Government (i.e. date of furnishing GSTR-7).

Penalties may be levied upon DDOs under GST:

In case, a DDO fails to make payment of deducted tax within prescribed time limits, he will have to pay the same along with interest imposed by the GST portal at the time of depositing payment of deducted tax with delay.

In case he failed to furnish Form GSTR-7 within 10 days after the end of the month in which deduction was made; late fees will be payable under section 47(1) i.e. Rs. 100 + Rs. 100 per day (maximum up to Rs. 5000) under each CGST and SGST means upto Rs. 10000.

In case he failed to furnish Form GSTR-7A; late fees will be payable under section 51(4) i.e. Rs. 100 + Rs. 100 per day (maximum up to Rs. 5000) under each CGST and SGST means upto Rs. 10000.

Further, in case, an excess payment of GST is deducted by mistake; a refund may be claimed by the DDO or Deductee as the case may be. However, in case excess tax gets credited to the deductee then the DDOs shall not be granted the refund.

*Copyright © 2019 Dr. Lalit Kumar. All rights reserved.

You might also be interested in the following:

Introduction to Income Tax Matters

Advance Tax and How to Avoid Interest on Advance Tax

Implications on Income Tax on Formation and Dissolution of Hindu Undivided Family

Payment and Status of Income Tax

Income Tax Return

Tax Deduction at Source

Tax Planning to Have More Take-Home Salary

Tax Deduction at Source for Deductors

How to save money from being covered under taxes (Tax Saving Options)?

Tier I and II Accounts of NPS

Tax Saving Under Section 80C

Tax Deduction Under Section 80C

11 Must Claim Exemptions and Deductions

Penalties for Non-Compliance of TDS Provisions

Penalty for Non-Compliance of TDS Provisions

A Drawing and Disbursing Officer (DDO) works as Income Tax Assessing Officer for the employees working under his supervision particularly in making the payments of salaries and other remuneration. In case any provision of income tax is not followed then the DDO may face the penalty, levy of interest, and even initiation of prosecution proceedings. Let’s understand everything most simply:

Figure: Penalties for Non-Compliance of TDS Provisions

(i) In case, Tax is not Deducted at Source:

A DDO is entrusted for ‘Tax Deduction at Source’ on an average basis as per the estimated tax liability to be paid by the employees. He is responsible for deducting the accurate amount of tax and in case, he failed to deduct tax or it is found that there is a short deduction of tax at his level, interest on the amount deducted at source can be levied upon the DDO.

(ii) Delay in Deduction of TDS and Section 201 (1A) of Income Tax Act:

The section 201(1A) states that any person who is liable to deduct TDS, if makes default in the deduction and/or payment of tax deducted at source; the person will be treated as ‘Assessee in Default’.

In case, there is a delay in deduction of ‘Tax Deduction at Source (TDS)’, the employer will be charged simple interest at 1% per month or part thereof, for the period ‘from the month in which TDS was deductible to the date of deduction’. In case of any part of the month, part of the month will be considered as a full month. For example, if the delay in deduction of TDS is 1 month and 1 day, then it will be taken as 2 months and the simple interest on the ‘amount not deducted as tax’ for 2 months at the rate of 1% per month will be charged.

Example for the delay in deduction of TDS:

Suppose salary is paid on 30^th April for an amount of Rs. 1,20,000 and no tax is deducted at source. The employer deducted the TDS of this payment on 10^th June; making a delay of 1 month and 10 days. Since the TDS was at the rate of 30% i.e. 120000 x 30% = 36000; the interest will be levied for this delay will be = 36000 x 2 x 1% = Rs. 720.

Even if the payment of salary is made on 30^th April and Tax is deducted thereafter on 1^st May, the deductor will be liable to pay 1 month’s interest for delay in the deduction of TDS.

(iii) Delay in Payment of TDS and Section 201 (1A) of Income Tax Act:

In case, the Tax is deducted at source but the deducted tax is not paid to the income tax department by due date i.e. (last day of the month for electronic transfer of payment and 7^th of next month for payment through Challans); then a simple interest at the rate of 1.5% per month and part thereof will be levied for the period ‘from the month in which TDS was deducted to the date of payment of tax’.

(d) Example for Delay in Payment of TDS:

In the above example, the TDS was deducted with delay on 10^th June instead of 30^th April. The TDS was supposed to be paid up to 7^th May while it is paid on 30^th June, therefore interest will be levied for the months from ‘the month in which it ought to be deducted’ to ‘the month in which the TDS is paid’ i.e. 2 Months i.e.

Interest = 36000 x 2 x 1.5% = Rs. 960.

(iv) Penalty and Imprisonment under Section 271C and 276B of Income Tax Act:

In case, the deductor who was supposed to deduct tax and pay within the prescribed time as determined by the income tax department; failed to deduct and pay such TDS in whole or part thereof under the second provision of Section 194B, then the person shall be liable to pay a sum equal to the amount of tax not deducted or paid in form of ‘Penalty’ under section 271C of Income Tax Act. Further, if the deductor failed to pay deducted TDS into the credit of Central Government within the prescribed time, he shall be punishable with rigorous imprisonment for a term between 3 months to 7 years, along with a fine.

(v) Non-furnishing of Certificate of TDS to the Employee or other persons:

Furnishing of Form 16 or Form 16A:

The deductor is entrusted to furnish a certificate i.e. Form 16 or 16A to the persons on whose income, the TDS is deducted by the deductor. Form 16 is issued in case of employees and Form 16A is issued in case of payments to persons other than employees. The date of furnishing Form 16 or Form 16A is 15^th June of the Assessment Year.

Here, the point to be considered is, “The Deductors are entrusted for generating and downloading Form 16 or Form 16A from the website of TRACES i.e. https://tdscpc.gov.in, and after verifying the details, it will be issued to the taxpayers”.

Part A and Part B of Form 16:

Form 16 or Form 16A usually have two parts i.e. Part A and Part B. Part A bore a unique TDS certificate number, PAN of the taxpayer, TAN of deductor, BIN stating deposit of TDS to Income Tax Department, and CIN in case of payments made through banks. Part B was earlier supposed to be prepared manually by the deductors but now, it is also required to be generated and downloaded.

Penalty for failure in generating and downloading Form 16:

Under section 203 of the Income Tax Act, the deductors must issue the certificates of TDS to the taxpayers and in case they failed to issue, a sum which shall be Rs. 100/- for every day during which the failure continues; shall be liable to pay by way of ‘Penalty’ under section 272A(2)(g).

(vi) Penalty for delay in filing Quarterly Return of TDS:

Due Dates for filing Quarterly Returns:

The deductors are responsible for quarterly file TDS return known as 24Q and 26Q to the TIN Facilitation Centres of NSDL (in form 27A) or at website of incometaxindiaefiling.gov.in after registering as Deductor up to 31^st July, 31^st October, 31^st January, and 31^st May for the First, Second, Third, and Fourth Quarter of the Financial Year respectively under section 200 (3) of the Income Tax Act.

Penalty for non-filing of Quarterly Returns by Due Dates:

In case, the quarterly returns are not filed within the prescribed time limits, the deductors shall be liable to pay, a fee equal to the sum of Rs. 200 for every day during which the failure continues subject to the maximum amount of tax which was deductible at source.

Such fee is mandatory to be paid before furnishing such statements.

Penalty for failure in furnishing quarterly returns or furnishing of incorrect information:

In case of failure in furnishing 24Q and 26Q and in furnishing incorrect information, the person shall be liable to pay, by way of ‘penalty’, a sum which shall not be less than Rs. 10000 (Ten thousand) but which may extend to Rs. 100000 (One Lac). The Penalty can be waived off if the person proved that he had delivered such statements before the expiry of one year from the time prescribed for delivering the statements after paying TDS with the fee and interest liable to be paid.

Which Sections of Income Tax Act should be on tips of a DDO?

a. Section 40 (a) (ia) - 

For an amount of expenditure disallowed to be claimed as a deduction due to non-deduction of TDS on such expenditure

b. Section 201 (1) - 

Generally demand is raised under this section whenever a DDO is treated as assessee in default due to either non-deduction of TDS or failure to deposit TDS in the credit of the Central Government.

c. Section 201 (1A) - 

Generally simple interest is charged on the TDS amount not deducted or failed to deposit the amount of TDS. Such interest is charged for the period from the date on which tax was deductible to the date of furnishing of return of income by such resident. 

d. Section 271C - 

Generally penalty is levied on the Deductor under this section when he failed to deduct TDS or failed to pay TDS in the credit of the Central Government.

e. Section 221 - 

The Penalty be levied when an assessee is in default in making payment of the demand raised by the income tax department. However, this penalty is levied after giving an opportunity of being heard.

f. Section 276B - 

Punishable with rigorous imprisonment for a term which shall not be less than 3 months but which may extend to 7 years and with fine. It is particularly for the persons who failed to pay tax payable or the TDS deducted; to the credit of the Central Government. 

g. Section 271BB - 

Penalty of Rs. 10 thousand, for a failure to apply for TAN or non quoting of TAN in the challans or certificates or statements or other documents wherever it should be quoted as per provisions of the income tax act.

h. Section 272 A (2) (k) - 

Penalty of Rs. 100 per day, for non-filing of TDS returns, however, if there is reasonable cause for delay in filing of quarterly statements of TDS, then this penalty is not levied.

i. Section 234E - 

Fess or Fine of Rs. 200 per day, for the days of failure in the filing of TDS return. It is levied on DDO as long as the default continues subject to the maximum of TDS amount deducted by the DDO.

j. Section 271H - 

It is related to penalty for late filing or non-filing of TDS Statement; minimum Rs. 10 thousand and may extend up to Rs. 1 Lac. 

However, if the TDS return is filed before the expiry of one year from the time prescribed for delivering such statement; then Fee or fine is charged, but the penalty is not levied. 

Hindi Version:

टीडीएस प्रावधानों के गैर-अनुपालन के लिए जुर्माने

एक आहरण और संवितरण अधिकारी (डीडीओ) अपने पर्यवेक्षण में काम करने वाले कर्मचारियों के लिए, विशेष रूप से वेतन और अन्य पारिश्रमिक का भुगतान करने के लिए आयकर निर्धारण अधिकारी के रूप में काम करता है। यदि आयकर के किसी प्रावधान का पालन नहीं किया जाता है तो डीडीओ को दंड, ब्याज लगाने और यहां तक ​​कि उससे रिकवरी के लिए कार्यवाही शुरू करने तक के प्रावधान है। आइए सब कुछ सबसे सरलता से समझते हैं:

(i) यदि स्रोत पर कर नहीं काटा जाता है:

एक डीडीओ को कर्मचारियों की अनुमानित कर देयता के अनुसार औसत आधार पर 'स्रोत पर कर कटौती' करनी होती है। वह कर की सही राशि काटने के लिए जिम्मेदार है और यदि वह कर की कटौती करने में विफल रहता है या यह पाया जाता है कि उसके स्तर पर कर की कम कटौती हुई है, तो उसकी जिम्मेदारी फिक्स करते हुए कम काटी गई राशि की ब्याज के साथ वसूली करने के और दंड देने के प्रावधान है।

(ii) टीडीएस की कटौती और आयकर अधिनियम की धारा 201 (1ए) में देरी:

धारा 201(1ए) में कहा गया है कि कोई भी व्यक्ति जो टीडीएस काटने के लिए उत्तरदायी है, अगर वह कटौती और/या स्रोत पर कर कटौती के भुगतान में चूक करता है; व्यक्ति को 'डिफ़ॉल्टर' के रूप में माना जाएगा।

यदि 'स्रोत पर कर कटौती (टीडीएस)' में देरी होती है, तो नियोक्ता को उस महीने से, जिसमें टीडीएस कटौती योग्य था, उस अवधि के लिए प्रति माह 1% साधारण ब्याज लगाया जाता है। महीने के किसी भी हिस्से के मामले में, महीने के हिस्से को पूरा महीना माना जाता है। उदाहरण के लिए, यदि टीडीएस की कटौती में 1 माह और 1 दिन की देरी है, तो इसे 2 महीने के रूप में लिया जाएगा और 'कर के रूप में कटौती नहीं की गई राशि' पर 2 महीने के लिए 1% प्रति माह की दर से साधारण ब्याज होगा।

टीडीएस कटौती में देरी का उदाहरण:

मान लीजिए कि वेतन का भुगतान 30 अप्रैल को 1,20,000 रुपये किया जाता है और स्रोत पर कोई कर नहीं काटा जाता है। नियोक्ता ने 10 जून को इस भुगतान का टीडीएस काट लिया; 1 महीने और 10 दिन की देरी हो गई है। चूंकि टीडीएस 30% यानी 120000 x 30% = 36000 की दर से काटा जाना था; इस देरी के लिए ब्याज लगाया जाएगा = 36000 x 2 x 1% = रु. 720.

यदि वेतन का भुगतान 30 अप्रैल को किया जाता है और उसके बाद 1 मई को कर काटा जाता है, तो कटौतीकर्ता को टीडीएस की कटौती में देरी के लिए 1 महीने के ब्याज का भुगतान करने के लिए उत्तरदायी होगा।

(iii) टीडीएस और आयकर अधिनियम की धारा 201 (1ए) के भुगतान में देरी:

मान लो, स्रोत पर कर की कटौती की जाती है, लेकिन काटे गए कर का भुगतान आयकर विभाग को नियत तारीख तक नहीं किया जाता है, यानी नियत तारीख - (भुगतान के इलेक्ट्रॉनिक हस्तांतरण के लिए महीने का अंतिम दिन और चालान के माध्यम से भुगतान के लिए अगले महीने की 7 तारीख)। ऐसे केस में 1.5% प्रति माह दर से साधारण ब्याज 'उस महीने से जिसमें टीडीएस काटा गया था से कर के भुगतान की तारीख तक' की अवधि के लिए लगाया जाएगा।

(डी) टीडीएस के भुगतान में देरी का उदाहरण:

उपरोक्त उदाहरण में, टीडीएस 30 अप्रैल के बजाय 10 जून को देरी से काटा गया था। टीडीएस का भुगतान 7 मई तक किया जाना था जबकि इसका भुगतान 30 जून को किया जाता है, इसलिए 'जिस महीने में इसे काटा जाना चाहिए' से 'जिस महीने टीडीएस का भुगतान किया जाता है' के महीनों के लिए ब्याज लगाया जाएगा। यानी 2 महीने

ब्याज = ३६००० x २ x १.५% = रु. 960.

(iv) आयकर अधिनियम की धारा २७१सी और २७६बी के तहत दंड और कारावास:

मान लो, कटौतीकर्ता जिसे आयकर विभाग द्वारा निर्धारित निर्धारित समय के भीतर कर कटौती और भुगतान करना था; धारा 194बी के दूसरे प्रावधान के तहत टीडीएस को पूरी तरह से या उसके हिस्से में कटौती और भुगतान करने में विफल रहा, तो व्यक्ति धारा 271 सी के तहत 'जुर्माना' के रूप में कटौती या भुगतान नहीं किए गए कर की राशि के बराबर राशि का भुगतान करने के लिए उत्तरदायी होगा। इसके अलावा, यदि कटौतीकर्ता निर्धारित समय के भीतर केंद्र सरकार के क्रेडिट में कटौती किए गए टीडीएस का भुगतान करने में विफल रहता है, तो उसे जुर्माने के साथ 3 महीने से 7 साल की अवधि के लिए कठोर कारावास की सजा हो सकती है।

(v) कर्मचारी या अन्य व्यक्तियों को टीडीएस का प्रमाण पत्र प्रस्तुत न करना:

फॉर्म 16 या फॉर्म 16ए की प्रस्तुति:

कटौतीकर्ता को एक प्रमाण पत्र यानि फॉर्म 16 या 16ए उन व्यक्तियों को प्रस्तुत करने के लिए जिम्मेदारी दी गई है जिनकी आय पर कटौतीकर्ता द्वारा टीडीएस काटा गया है। कर्मचारियों को फॉर्म 16 जारी किया जाता है और कर्मचारियों के अलावा अन्य व्यक्तियों के भुगतान के मामले में फॉर्म 16 ए जारी किया जाता है। फॉर्म 16 या फॉर्म 16ए प्रस्तुत करने की तिथि निर्धारण वर्ष की 15 जून है।

यहां, विचार करने वाली बात यह है, "कटौतीकर्ताओं को TRACES की वेबसाइट यानी https://tdscpc.gov.in से फॉर्म 16 या फॉर्म 16A को जनरेट करने और डाउनलोड करने के लिए कहा गया है, और विवरण की पुष्टि करने के बाद, इसे करदाताओं को जारी किया जाता है  ”।

फॉर्म 16 का पार्ट ए और पार्ट बी:

फॉर्म 16 या फॉर्म 16A में आमतौर पर दो भाग होते हैं भाग A और भाग B। भाग A में एक यूनिक TDS प्रमाणपत्र संख्या, करदाता का PAN, कटौतीकर्ता का TAN, आयकर विभाग को TDS जमा करने वाला BIN और बैंको से भुगतान के मामले में CIN होता है। पहले, भाग बी को कटौतीकर्ताओं द्वारा मैन्युअल रूप से तैयार किया जाना था, लेकिन अब, इसे भी जनरेट और डाउनलोड करना आवश्यक है।

फॉर्म 16 को जनरेट करने और डाउनलोड करने में विफलता के लिए जुर्माना:

आयकर अधिनियम की धारा 203 के तहत, कटौतीकर्ताओं को करदाताओं को टीडीएस का प्रमाण पत्र जारी करना होता है और यदि वे जारी करने में विफल रहते है, तो रु. 100/- प्रत्येक दिन के अनुसार उतनी समय के लिए जुर्माना देना होता है जिसके दौरान विफलता जारी रहती है; धारा 272A(2)(g) के तहत 'जुर्माना' के रूप में भुगतान करने के लिए उत्तरदायी होता है।

(vi) टीडीएस की त्रैमासिक रिटर्न दाखिल करने में देरी के लिए जुर्माना:
त्रैमासिक रिटर्न दाखिल करने की नियत तिथियां:

कटौतीकर्ता ३१ जुलाई, ३१ अक्टूबर, ३१ जनवरी तक कटौतीकर्ता के रूप में पंजीकरण करने के बाद, एनएसडीएल के टीआईएन सुविधा केंद्रों (फॉर्म २७ए में) के लिए २४क्यू और २६क्यू के रूप में त्राह मासिक टीडीएस रिटर्न के लिए जिम्मेदार हैं। 

नियत तारीखों तक तिमाही रिटर्न दाखिल न करने पर जुर्माना:

यदि त्रैमासिक रिटर्न निर्धारित समय सीमा के भीतर दाखिल नहीं किया जाता है, तो कटौतीकर्ता हर दिन के लिए 200 राशि के बराबर शुल्क का भुगतान करने के लिए उत्तरदायी होता है, जिसके दौरान विफलता जारी रहती है, लेट फीस कर की अधिकतम राशि उस राशि के बराबर होती है जितनी स्रोत पर कटौती योग्य थी।

इस तरह के रिटर्न को प्रस्तुत करने से पहले इस तरह के शुल्क का भुगतान करना अनिवार्य है।

त्रैमासिक रिटर्न प्रस्तुत करने में विफलता या गलत जानकारी प्रस्तुत करने में विफलता के लिए दंड:

24Q और 26Q प्रस्तुत करने में विफलता के मामले में और गलत जानकारी प्रस्तुत करने में, व्यक्ति 'जुर्माना' के रूप में भुगतान करने के लिए उत्तरदायी होगा, एक राशि जो 10000 रुपये से कम नहीं होगी। (दस हजार) लेकिन ये रु. 100000 तक बढ़ाई जा सकती है। हां, जुर्माना माफ किया जा सकता है यदि व्यक्ति यह साबित करता है कि उसने टीडीएस का भुगतान करने के लिए शुल्क और ब्याज के साथ भुगतान करने के बाद विवरण देने के लिए निर्धारित समय से एक वर्ष की समाप्ति से पहले इस तरह के विवरण दिए थे।

डीडीओ के टिप्स पर आयकर अधिनियम की कौन सी धाराएँ होनी चाहिए?

ए। धारा 40 (ए) (आईए) -

बी। धारा 201 (1) - 

आम तौर पर इस धारा के तहत मांग उठाई जाती है जब भी किसी डीडीओ को टीडीएस की कटौती न करने या केंद्र सरकार के क्रेडिट में टीडीएस जमा करने में विफलता के कारण डिफ़ॉल्ट रूप से निर्धारिती के रूप में माना जाता है।

सी। धारा 201 (1ए) - 

आम तौर पर टीडीएस की राशि नहीं काटे जाने या टीडीएस की राशि जमा करने में विफल रहने पर साधारण ब्याज लगाया जाता है। इस तरह का ब्याज उस तारीख से लिया जाता है जिस तारीख को उस निवासी द्वारा आय की विवरणी प्रस्तुत करने की तारीख तक कर कटौती की गई थी।

डी। धारा 271C - 

आम तौर पर इस धारा के तहत कटौतीकर्ता पर जुर्माना लगाया जाता है जब वह टीडीएस काटने में विफल रहता है या केंद्र सरकार के क्रेडिट में टीडीएस का भुगतान करने में विफल रहता है।

इ। धारा 221 - 

जुर्माना तब लगाया जाता है जब एक निर्धारिती आयकर विभाग द्वारा की गई मांग का भुगतान करने में चूक करता है। हालांकि यह जुर्माना सुनवाई का मौका देने के बाद लगाया जाता है।

एफ। धारा 276बी - 

कठोर कारावास से दंडित किया जा सकता है जिसकी अवधि 3 महीने से कम नहीं होगी लेकिन जिसे 7 वर्ष तक बढ़ाया जा सकता है और जुर्माना हो सकता है। यह विशेष रूप से उन व्यक्तियों के लिए है जो देय कर का भुगतान करने में विफल रहे या टीडीएस काटा गया; केंद्र सरकार के क्रेडिट के लिए।

जी। धारा 271खख - 

रुपये का जुर्माना। 10 हजार, टैन के लिए आवेदन करने में विफलता के लिए या चालान या प्रमाण पत्र या बयान या अन्य दस्तावेजों में टैन का उल्लेख न करने पर जहां भी इसे आयकर अधिनियम के प्रावधानों के अनुसार उद्धृत किया जाना चाहिए।

एच। धारा 272 ए (2) (के) - 

रुपये का जुर्माना। प्रति दिन 100, टीडीएस रिटर्न दाखिल न करने के लिए, हालांकि, यदि टीडीएस के तिमाही विवरण दाखिल करने में देरी का उचित कारण है, तो यह जुर्माना नहीं लगाया जाता है।

मैं। धारा 234ई - 

फीस या रुपये का जुर्माना। 200 प्रति दिन, टीडीएस रिटर्न दाखिल करने में विफलता के दिनों के लिए। यह डीडीओ पर तब तक लगाया जाता है जब तक कि डीडीओ द्वारा कटौती की गई अधिकतम टीडीएस राशि के अधीन डिफ़ॉल्ट जारी रहता है।

जे। धारा 271एच - 

यह देर से दाखिल करने या टीडीएस विवरण दाखिल न करने के लिए दंड से संबंधित है; न्यूनतम रु. 10 हजार और रुपये तक बढ़ाया जा सकता है। 1 लाख।

हालांकि, यदि टीडीएस रिटर्न इस तरह के विवरण देने के लिए निर्धारित समय से एक वर्ष की समाप्ति से पहले दाखिल किया जाता है; तब शुल्क या जुर्माना लगाया जाता है, लेकिन जुर्माना नहीं लगाया जाता है।

अस्वीकरण:

उपरोक्त सामग्री आयकर अधिनियम की प्रासंगिक धाराओं के अध्ययन के बाद उचित देखभाल के साथ लिखी गई है, हालांकि, पाठकों को आयकर विभाग की अधिसूचनाओं का ध्यान रखना चाहिए और निर्धारित समय सीमा के भीतर मामलों के निपटारे के लिए अधिकारियों से परामर्श लेना चाहिए। परिणाम कठोर कारावास का कारण बन सकते हैं और कटौतीकर्ताओं को नियमों के अनुपालन का उचित ध्यान रखना चाहिए।

*Copyright © 2019 Dr. Lalit Kumar. All rights reserved.

Disclaimer: 

The above content is written with due care after the study of relevant sections of Income Tax Act, however, the readers should take due care of the notifications of Income Tax Department and should consult the authorities for the settlement of cases within due prescribed time limits. The consequences can lead to rigorous imprisonment and the deductors should take proper care of compliance with the rules.

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