06-03-2009, 07:49 PM
If Co X fails to deduct and deposit the income tax under section 153 of Co B. And later the Co B files his return for tax year and pays his all tax due.
Then Co X is liable to pay the original or they have to pay only additional tax @ 18%.
Please study complete section 153, Please reply flashly.
Then Co X is liable to pay the original or they have to pay only additional tax @ 18%.
Please study complete section 153, Please reply flashly.