Sir/Mam
I am having Fixed Deposits and Recurring Deposits in Post Office and I am not a senior citizen. The Post Master did not do the statutory 10% TDS on the interest earned on the FDs and RDs. Income Tax department has penalised me for not paying the advance tax. Due to the non-performance of the statutory obligation of deduction of 10% TDS I am being penalised by the IT department. Is there any possibility to request for condonation of the penalty for not paying the advance tax to the Income tax department. Please guide me in this regard.
sairam