Failure to remit collected tax at source triggers prosecution under Section 276BB; timely TCS payment before filing avoids it. Prosecution applies where a person who collected tax at source under section 206C fails to pay that tax to the Central Government; prosecution is barred ... Summary
Failure to remit collected tax at source triggers prosecution under Section 276BB; timely TCS payment before filing avoids it.
Prosecution applies where a person who collected tax at source under section 206C fails to pay that tax to the Central Government; prosecution is barred if the collected tax is paid on or before the due date for filing the related TCS statement.
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