Employer’s Failure to Deduct TDS on Overseas LTC Renders It an Assessee-in-Default Under Section 201
Employer’s Failure to Deduct TDS on Overseas LTC Renders It an Assessee-in-Default Under Section 201 Issue Whether an employer who reimburses Leave Travel Concession (LTC) to its employees for travel involving a foreign leg without deducting tax at source can be treated as an assessee-in-default under Sections 201(1) and 201(1A) of the Income-tax Act, 1961… Read More »