Tag: Section 461

Section 461: Penalty on taxpayers for not filing TDS or TCS returns

Section 461 of the Income Tax Act, 2025, outlines penalties related to the late filing, non-filing, or furnishing of incorrect information in Tax Deducted at Source (TDS) and Tax Collected… Read more »

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

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 »