Tag: Penalty

Section 448 of the Income-tax Act, 2025 – Penalty for Failure to Deduct Tax at Source

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The provisions relating to penalty for failure to deduct tax at source have been restructured under the Income-tax Act, 2025. The earlier Section 271C of the Income-tax Act, 1961 is… Read more »

Late Filing of TDS/TCS Statements – Fee, Penalty and Compliance Requirements

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Timely filing of TDS and TCS statements is an essential compliance requirement under the Income-tax Act. Delay in furnishing such statements may result in levy of late filing fee, notices,… Read more »