TCS Late Fees Waiver FY 2020-21 Q4

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.