Fee for default in furnishing statements imposes daily fee capped at deductible or collectible tax and payable before filing.

A statutory fee for default applies where prescribed statements under sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C are not delivered on time; the fee accrues daily, is capped at the amount of tax deductible or collectible concerned, and must be paid before the outstanding statement is furnished, applying to statements for tax deducted at source or tax collected at source.

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