Late Filing Fees And Penalty For Failure To Furnish/Delay In Furnishing The TDS/TCS Statements

1.	Duties of the person liable to deduct/collect tax at source
2.	Due Dates for filing of TDS/TCS return
3.	Basic provisions
4.	Late filing fees under section 234E
5.	Computation of fee under Section 234E at the time of processing of TDS/TCS statement
6.	Penalty under section 271H

Before understanding the penalty provisions for failure to furnish the statement of Tax Deducted at Source or statement of Tax Collected as Source (i.e. commonly known as TDS/TCS return) we shall first have a look at the few basic duties of a person liable to deduct/collect tax at source and due dates for filing of TDS/TCS return.