Penalty for incorrect information or failure to furnish statements etc. [ Section 271H ]

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....ies a penalty for delay in filing quarterly returns of TDS/ TCS or furnishing incorrect information in the said returns. * Section 271H provides that without effecting the provisions of section 234E, a person shall be liable to pay penalty if: * (i) he fails to deliver the quarterly returns of TDS/ TCS within the time prescribed or * (ii) he furnishes incorrect information in the quarterly r....

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....time prescribed for filing the quarterly return. The provisions of this section shall apply to a statement referred to in section 200(3) (TDS) or the proviso to section 206C(3) (TCS) which is to be delivered or caused to be delivered for tax deducted at source or tax collected at source, as the case may be, on or after the 1st day of July, 2012. Therefore, if quarterly returns of TDS/ TCS which ....