Yes, the deductor shall be liable to pay interest in accordance with the provisions of Section 50(1) for failure to pay the amount deducted as tax.
(ICAI FAQ PUBLICATIONS 06-09-2017 TAX PAYMENTS, INTEREST, PENALTY AND OTHER AMOUNTS: FAQ NO. 46)
ॐ असतो मा सद्गमय
Yes, the deductor shall be liable to pay interest in accordance with the provisions of Section 50(1) for failure to pay the amount deducted as tax.
(ICAI FAQ PUBLICATIONS 06-09-2017 TAX PAYMENTS, INTEREST, PENALTY AND OTHER AMOUNTS: FAQ NO. 46)