https://www.taxtmi.com/manuals?id=1275 Section 427 imposes a mandatory compensatory fee for delayed TDS or TCS statements at Rs. 200 for each day of continuing default. The fee cannot exceed the tax deductible or collectible and must be paid before the delayed statement is furnished. Delayed Statements of Financial Transaction or reportable accounts also attract a daily fee of Rs. 200, subject to an aggregate ceiling of Rs. 1,00,000. The provision expressly extends the fee framework to financial transaction statements and reportable accounts. en-us Mon, 05 Oct 2015 11:40:00 +0530 Sat, 29 Aug 2026 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1275 Section 427 imposes a mandatory compensatory fee for delayed TDS or TCS statements at Rs. 200 for each day of continuing default. The fee cannot exceed the tax deductible or collectible and must be paid before the delayed statement is furnished. Delayed Statements of Financial Transaction or reportable accounts also attract a daily fee of Rs. 200, subject to an aggregate ceiling of Rs. 1,00,000. The provision expressly extends the fee framework to financial transaction statements and reportable accounts. Manuals Income Tax Mon, 05 Oct 2015 11:40:00 +0530 https://www.taxtmi.com/manuals?id=1275