1.procedure to file form 27C 2. any possibility to file form 27C online 3. Penalty for not filing
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This discussion covers the procedure for filing Form 27C, a declaration for non-deduction of TCS by buyers. It confirms that Form 27C can be filed online through the TRACES website. The penalty for failing to file this form is Rs 100 per day.
Form 27C is a declaration form for non deduction of TCS by buyer of goods to the seller. As per the income tax rule, the seller of the specified goods must collect tax from the buyer. 1.You can file 27C on TRACES Website 2. Yes it is filed online on TRACES Website 3. Rs 100 per day