Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Failure to furnish TDS/TCS statements or supply incorrect information may attract a statutory penalty unless corrected promptly. Section 271H permits the Assessing Officer to impose a penalty where a person fails to deliver required statements under section 200(3) or the proviso to section 206C(3), or furnishes incorrect information in such statements for TDS/TCS. A prescribed monetary range applies, but no penalty is leviable if the person proves payment of tax deducted or collected, with fee and interest, and delivers the statement within one month of the prescribed time. The provision governs statements for TDS/TCS on or after 1 July 2012.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Failure to furnish TDS/TCS statements or supply incorrect information may attract a statutory penalty unless corrected promptly.
Section 271H permits the Assessing Officer to impose a penalty where a person fails to deliver required statements under section 200(3) or the proviso to section 206C(3), or furnishes incorrect information in such statements for TDS/TCS. A prescribed monetary range applies, but no penalty is leviable if the person proves payment of tax deducted or collected, with fee and interest, and delivers the statement within one month of the prescribed time. The provision governs statements for TDS/TCS on or after 1 July 2012.
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