Tcs return interest & late filling

TCS collected in any money shall remit to govt within 7 days of following month.

if not int shall be levied at 1% of month or part of month.

TCS return shall be filled on quarter basis.

due date is 15th day of following month from end of quarter.

if not 234E penalty arises 200 per day subject to maximum of TCS collected for that quarter.

Tax collected at source shall be paid to the credit of the Central Government on or before 7th of next month
Quarterly return by 15th day of the end of quarter.
Penalty for late filing 200 per day or actual TCS whichever is lower.
interest @ 1% for delay
---------
Note - There is no TCS requirement -

Any individual or HUF whose turnover does not exceed 1 Crore / 50 lacs in the preceeding FY, as the case may be

In TCS return (27EQ ) which amount written in AMOUNT PAID/ DEBITED( 670) & TOTAL VALUE OF PURCHASE(669) COLUMN