Tds certificate

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In actual, does anyone get penalty notice for late download of tds certificate
Replies (3)

Yes, under the provisions of section 203 of the Income Tax Act, 1961 read with rule 31A, Certificate of tax deducted at source is to be furnished within fifteen (15) days from the due date for furnishing the statement of tax deducted at source.

Failure to comply with the provisions of the Act will attract penalty under the provisions of section 272A of the Act, a sum of one hundred rupees for every day during which the failure continues.

But in actual, has anyone got such penalty notice?

Though the provision is there, but in actual practice ...condoned any delay for few days.

In case of any complaint by deductee, its governed. 


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