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TCS Late Fees Waiver FY 2020-21 Q4

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Dicson

articleship

90 Points Posted on 23 September 2021

I have filed 2020-21 Q4 TCS returns on 13th July 2021, due to lockdown we cant access the office. so this delay happened. Is there any notification available related to TCS late fees waiver/ due date extention for Q4 2020-21.

Now traces portal showing 12000 as defalult, what will be the consequences if i ignored that. Will department issue notice immediately.

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Quick Summary

This discussion addresses concerns regarding late fees for TCS returns filed for FY 2020-21, Q4, due to lockdown-related office access issues. The user is seeking information on any available waivers or extensions for the filing deadline. They are also inquiring about the implications of ignoring a £12,000 default notice shown on the TRACES portal, including the likelihood of immediate departmental notices and whether ignoring system-generated warnings is advisable.