https://www.taxtmi.com/article/detailed?id=6962 Any person deducting tax must pay the sum to Government within prescribed time and prepare and deliver quarterly e TDS statements in prescribed form and manner; correction statements may be furnished for rectifications. Failure to deliver statements on time attracts a daily penalty subject to a statutory cap and requires an opportunity to be heard before imposition; absence of satisfactory explanation may justify penalty. Timely filing is essential for accurate processing of returns and to ensure deductees receive proper tax credit. en-us Sat, 03 Sep 2016 08:43:20 +0530 Sat, 03 Sep 2016 08:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6962 Any person deducting tax must pay the sum to Government within prescribed time and prepare and deliver quarterly e TDS statements in prescribed form and manner; correction statements may be furnished for rectifications. Failure to deliver statements on time attracts a daily penalty subject to a statutory cap and requires an opportunity to be heard before imposition; absence of satisfactory explanation may justify penalty. Timely filing is essential for accurate processing of returns and to ensure deductees receive proper tax credit. Articles Income Tax Sat, 03 Sep 2016 08:43:20 +0530 https://www.taxtmi.com/article/detailed?id=6962