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- Leave a Comment on Section 271C: Penalties for Failing to Fulfill TDS/TCS Responsibilities
Section 271C: Penalties for Failing to Fulfill TDS/TCS Responsibilities
Section 271C of the Income Tax Act, 1961, provides for penalties in cases where a person responsible for deducting or collecting tax at source (TDS/TCS) fails to do so. This provision ensures compliance with tax collection and deduction obligations,