https://www.taxtmi.com/forum/issue?id=4757 Delayed remittance of TDS can lead to a penalty for failure to deduct tax at source, subject to the assessee's right to a hearing and other procedural conditions. Prosecution for false verification of TDS returns depends on whether a revised return was filed voluntarily and whether taxes plus penal interest have been paid. Prosecution for failure to pay deducted tax is possible but is subject to statutory safeguards and potential compounding where permitted. en-us Tue, 25 Sep 2012 19:06:55 +0530 Thu, 23 Jan 2025 15:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4757 Delayed remittance of TDS can lead to a penalty for failure to deduct tax at source, subject to the assessee's right to a hearing and other procedural conditions. Prosecution for false verification of TDS returns depends on whether a revised return was filed voluntarily and whether taxes plus penal interest have been paid. Prosecution for failure to pay deducted tax is possible but is subject to statutory safeguards and potential compounding where permitted. Discussion-Forum Income Tax Tue, 25 Sep 2012 19:06:55 +0530 https://www.taxtmi.com/forum/issue?id=4757