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Income-Tax & CTP Q5

0. As per section 271H, where a person fails to file the statement of tax deducted/collected at source i.e. TDS/TCS return on or before the due dates prescribed in this regard, then he shall be liable to pay penalty under section 271H. The minimum penalty can be levied of Rs. 10,000 which can go up to Rs.

  • Option : A
  • Explanation : As per section 271H, where a person fails to file the statement of tax deducted/collected at source i.e. TDS/TCS return on or before the due dates prescribed in this regard, then he shall be liable to pay penalty under section 271H. The minimum penalty can be levied of Rs. 10,000 which can go options. 1,00,000. The penalty under section 271H will be in addition to late filing fee prescribed under section 234E.
    Thus, option (a) is the correct option.
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