Budget 2024-25: One-Month Grace Period for TDS/TCS Penalties from 1st April 2025

Last updated: 24 July 2024

Penalty for failure to furnish statements Section 271H of the Act inter alia relates to penalty for failure to file Tax Deducted at Source (TDS) or Tax Collected at Source (TCS) returns/ statements within the due date. Sub-section (3) of section 271H of the Act states that no penalty shall be levie

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