Penalty time limit reduced: failure to furnish TDS/TCS statements now subject to a one-month compliance window. The amendment reduces the time limit in sub-section (3) of section 271H - which governs penalties for failure to deliver or for furnishing incorrect statements related to TDS and TCS - from the previously prescribed longer period to a one-month compliance window for delivering or causing to be delivered the relevant statements, effective from the commencement of the stated fiscal year.
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Provisions expressly mentioned in the judgment/order text.
Penalty time limit reduced: failure to furnish TDS/TCS statements now subject to a one-month compliance window.
The amendment reduces the time limit in sub-section (3) of section 271H - which governs penalties for failure to deliver or for furnishing incorrect statements related to TDS and TCS - from the previously prescribed longer period to a one-month compliance window for delivering or causing to be delivered the relevant statements, effective from the commencement of the stated fiscal year.
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