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What is the maximum amount of penalty u/s 272a(2)(c) ?

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What is the maximum amount of penalty u/s 272a(2)(c) ?
posted Jun 16, 2017 by Amrita

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1 Answer

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Under section 272A(2)(C) penalty is levied if you fail to Furnish eTDS statement. The penalty u/s 272A(2)(C) is Rs. 100 per day and it is limited to amount of TDS. So the maximum penalty is upto TDS amount and cannot be more than TDS amount.

answer Jun 17, 2017 by Swati Tyagi
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