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.

Interest For Delay In Payment Of TDS/TCS And For Non-Payment Of Tax Demanded

1.	Introduction
2.	Basic provisions relating to due date of payment of TDS to the credit of Government
3.	Has the firm paid taxes to the credit of the Government within the prescribed time?
4.	Interest for failure to deduct tax at source/delay in payment of TDS
5.	Interest in case if the deductee has paid the tax
6.	Non filing of TDS statement without payment of interest
7.	Basic provisions relating to due date of payment of TCS to the credit of Government
8.	Interest for failure to collect tax at source/delay in payment of TCS
9.	Interest in case if the buyer or licensee or lessee has paid the tax
10.	Non filing of TCS statement without payment of interest
11.	Interest for non-payment of tax as per demand notice
12.	Appeal filed to challenge the demand notice
13.	Variation in amount of interest in certain cases
14.	Waiver of interest under section 220(2A) by Commissioner
15.	Time-limit for passing order under section 220(2A)

Tax Deduction/Collection Account Number (TAN)

1.	Meaning of TAN
2.	Structure of TAN
3.	Jurisdiction Code Name of deductee Persons liable to apply for TAN
4.	Relevance of TAN
5.	Consequences of not quoting TAN
6.	Procedure to obtain TAN
7.	Places from where to obtain Form 49B
8.	Authority empowered to allot TAN
9.	Documents to be submitted along with TAN application
10.	Procedure for online TAN application
11.	Payment of processing fee of TAN :
12.	Submission of documents to get TAN :
13.	No separate TAN is required to obtain for the purpose of TCS
14.	How to find the address of nearest TIN-FC?
15.	Single TAN is to be used in case of deductor who has to deduct tax from different types of payment such as salary, interest payment, etc.
16.	Enquire about the status of TAN application
17.	Government deductors are also liable to obtain TAN
18.	PAN cannot be quoted in place of TAN
19.	Taxpayer cannot hold more than one TAN
20.	Changes in the basic data communicated at the time of making the application for allotment of TAN
21.	FAQ on TAN

Tax Deducted at Source (TDS) from Interest on Securities (Section 193)

1.	Who shall deduct tax at source?
2.	When tax shall be deducted?
3.	When no tax shall be deducted?
4.	Rate of TDS
5.	Payment of tax to the credit of the Government
6.	Interest for delay in payment of TDS
7.	Issuance of TDS certificate
8.	Furnishing the TDS return
9.	Default in any prescribed procedure
10.	Disallowance of expenses while computing business income due to non-deduction of tax at source under section 193

Section 193 deals with the provisions relating to TDS on interest on securities. Tax is to be deducted under section 193 if any person pays any income by way of interest on securities to a resident. Thus, the provisions of section 193 are not applicable in case of payment of interest on securities to a non-resident. Payments made to non-residents are also covered under TDS mechanism, however, tax in such a case is to be deducted as per section 195.

Tax Deducted at Source (TDS) from Fees for Professional Services/Technical Services/Royalty (Section-194J)

1.	Introduction to TDS U/s 194J
2.	Tax to be deducted by whom?
3.	When tax shall be deducted?
4.	When no tax shall be deducted?
5.	Rate of TDS
6.	Payment of tax to the credit of the Central Government
7.	Interest for delay in payment of TDS
8.	Issuance of TDS certificate
9.	Furnishing the TDS return
10.	Default in any prescribed procedure
11.	Disallowance of expenses while computing business income due to non-deduction of tax at source under section 194J

Tax Deducted at Source (TDS) from Interest, other than Interest on Securities (Section-194A)

1.	Introduction to TDS U/s – 194A
2.	Who must deduct tax at source?
3.	When tax is to be deducted?
4.	When no tax is to be deducted?
5.	Rate of TDS
6.	Payment of tax to the credit of the Central Government
7.	Interest for delay in payment of TDS
8.	Issuance of TDS certificate
9.	Furnishing the TDS return
10.	Default in any prescribed procedure
11.	Disallowance of expenses while computing business income due to non-deduction of tax at source under section 194A

For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called “Tax Deducted at Source” commonly known as TDS. Under this system, tax is deducted at the point of origination of income. Tax is deducted by the payer and the same is directly remitted to the Government by the payer on behalf of the payee.