Re: Assessment Order u/s 201 (1) / (1A)
TDS DEFAULT U/S 201(1) / 201(1A)
TDS DEFAULT U/S 201(1) – RS 125988/-.
INTEREST PAYABLE U/S 201(1A) – RS 181873/-.
Assessee has to Rs 45468/- ( 25% of Interest amount only) whether this treatment is correct as per FAQ 32 of VSV scheme
FAQ 32, pertains to consequential relief to the deductor when the assessee settles his appeal under VSVA however as per our understanding the assessee may have to pay only 25% of interest .
Leave a Reply