If there’s no tax deducted at source (TDS), or wrongly deducted, the I-T department takes action against the buyer and not the nonresident seller. In addition to interest and penalties, the I-T Act prescribes imprisonment of 3 months to 7 years.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2M7rpjz
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