Penalty for failure to furnish TDS/TCS declarations accrues daily and is capped at the tax collectible amount. Failure to furnish a required declaration or TDS/TCS certificate attracts a penalty assessed daily until compliance, but the aggregate penalty cannot ... Summary
Penalty for failure to furnish TDS/TCS declarations accrues daily and is capped at the tax collectible amount.
Failure to furnish a required declaration or TDS/TCS certificate attracts a penalty assessed daily until compliance, but the aggregate penalty cannot exceed the amount of tax required to be deducted or collected in relation to the undeclared or unissued TDS/TCS instrument.
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