What will be the consequences, if I do NOT file TDS/TCS statement within due date?
There will be a levy of Rs 200.00 per day under section 234E of the Income Tax Act, 1961 from the due date till the date when statement is filed.
The amount of fee shall not exceed the amount of tax deductible or collectible, as the case may be.
The amount of fee shall be paid before filing TDS /TCS statement