https://www.taxtmi.com/caselaws?id=799776 Delayed payment of tax deducted at source attracts compensatory interest under Section 201(1A) where the tax is not remitted within the prescribed period. Bona fide explanations, an accountant's medical exigencies, lack of awareness, payment within the same financial year, and availability of TDS credit do not alter that statutory consequence. Delayed furnishing of Form 26QB attracts the daily fee under Section 234E, subject to its statutory ceiling, irrespective of actual revenue loss. For the post-1 June 2015 period, Section 200A permits computation of that fee while processing the TDS statement. Bona fide conduct or hardship does not provide a statutory basis for waiver. en-us Wed, 16 Sep 2026 00:00:00 +0530 Sat, 26 Sep 2026 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799776 Delayed payment of tax deducted at source attracts compensatory interest under Section 201(1A) where the tax is not remitted within the prescribed period. Bona fide explanations, an accountant's medical exigencies, lack of awareness, payment within the same financial year, and availability of TDS credit do not alter that statutory consequence. Delayed furnishing of Form 26QB attracts the daily fee under Section 234E, subject to its statutory ceiling, irrespective of actual revenue loss. For the post-1 June 2015 period, Section 200A permits computation of that fee while processing the TDS statement. Bona fide conduct or hardship does not provide a statutory basis for waiver. Case-Laws Income Tax Wed, 16 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799776