TDS/TCS return
Income Tax
CA. Kavit Vijay

Time Limit to Deposit TDS/TCS Liability: Late Fee, Penalties

No filing or late filing of TDS/TCS return can take you into a wholesome of troubles. As the taxation rules suggest, taxpayers come under two penalties in case of non-filing of TDS returns or statements.  The first penal consequence the taxpayer will have to face comes under section 234E (Fee for default in furnishing statements), and the second one falls under section 271H (Penalty for failure to furnish statements). However, you will have to pay the late filing fee and interest as well in case of late filing. Here in this article, we are going to discuss all the important

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