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Act or after deducting fails to pay the tax

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Reference no: EM13986953

The person who does not deduct the tax source as required by the Act or after deducting fails to pay the tax as required by the Act, shall be liable to pay the simple interest @________ % per month on the amount of such tax from the date on which the tax was deductible till the date on which such tax is actually paid.

Reference no: EM13986953

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