https://www.taxtmi.com/article/detailed?id=1711 Introduces a fee of Rs.200 per day for late furnishing of TDS statements, capped at the total tax deductible for the delayed period, together with an additional penalty of Rs.10,000 to Rs.1,00,000 for not furnishing within the prescribed time. No penalty will apply if the statement is filed within one year after payment of tax deducted with interest and fee. A separate penalty of Rs.10,000 to Rs.1,00,000 is proposed for incorrect information in TDS statements. Corresponding amendments apply to TCS and take effect from 1st July, 2012. en-us Tue, 08 May 2012 09:39:17 +0530 Tue, 08 May 2012 09:39:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1711 Introduces a fee of Rs.200 per day for late furnishing of TDS statements, capped at the total tax deductible for the delayed period, together with an additional penalty of Rs.10,000 to Rs.1,00,000 for not furnishing within the prescribed time. No penalty will apply if the statement is filed within one year after payment of tax deducted with interest and fee. A separate penalty of Rs.10,000 to Rs.1,00,000 is proposed for incorrect information in TDS statements. Corresponding amendments apply to TCS and take effect from 1st July, 2012. Articles Income Tax Tue, 08 May 2012 09:39:17 +0530 https://www.taxtmi.com/article/detailed?id=1711