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of <h1>Truck Operators Face TDS Certificate Delays; Non-compliance Leads to Penalties u/ss 203 and 272A(2)(g.</h1> The circular addresses the issuance of Tax Deduction at Source (TDS) certificates under section 203 of the Income-tax Act, specifically concerning truck and goods-carriage operators. It highlights issues where consignees fail to issue TDS certificates within the prescribed time or issue them incorrectly, preventing truck operators from claiming tax credits. The Board reiterates the need for consignees to issue TDS certificates timely and correctly to the truck operators. Non-compliance attracts penalties under section 272A(2)(g), imposing a fine of one hundred rupees per day for continued failure.
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