Tag Archives: TCS Penalty

TCS Penalty as per Income tax Act

Penalty for failure to collect tax at source  Section – 271CA, Income-tax Act, 1961 ( Inserted by the Finance Act, 2006, w.e.f. 1-4-2007.) 271CA. (1) If any person fails to collect the whole or any part of the tax as required by or under the provisions of Chapter XVII-BB, then, such person shall be liable… Read More »