Maximum Section 271H TDS penalty scaled down to minimum ten thousand per quarter for government institution.
Maximum Section 271H TDS penalty scaled down to minimum ten thousand per quarter for government institution. Issue Whether levying the maximum penalty of ₹1,00,000 per quarter under Section 271H(1)(a) on a Government educational institution for delayed filing of Form 24Q TDS statements is harsh and unsustainable when deducted tax was timely deposited. Facts Assessee Profile:… Read More »