TDS is major area of govt. revenue
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Penal provision of Late filling of TDS return 100.00 rs. per day or TDS amount which is lower. but in the present practice most of the assessee not filled TDS return properly & within the time prescribed by the Income Tax department.
As per new sec. introduced by govt. TDS applicable is 20% or applicable rate which is higher.
in present most of the cases assessee has furnished wrong PAN no. in TDS return in this case TDS liability is higher rate i.e. 20%.
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