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Is There Any Penalty For Non-filing Of Tds / Tcs Statements? |
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Answer» YES. If TDS / TCS statement is not FILED for one year from the due date of filing, there WOULD be a PENALTY of MINIMUM Rs. 10,000.00 to Rs. 1,00,000.00 for not filing TDS / TCS statement under section 271H of the IT Act, 1961. Yes. If TDS / TCS statement is not filed for one year from the due date of filing, there would be a penalty of minimum Rs. 10,000.00 to Rs. 1,00,000.00 for not filing TDS / TCS statement under section 271H of the IT Act, 1961. |
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