15 August 2023
According to Section 271H, failure to file tds or tcs returns within due date, penalty u/s 271H is leviable. Whether late furnishing of Form 26QB attract penalty u/s 271H???
I have received notice where penalty under section 271H initiated for late filing of form 26QB. But as per section 271H, penalty can be levied for late or non filing of forms specified under section 200(3) or 206C(3) which deals with tds on salary i.e. 24Q or tcs returns. So i am confused how the penalty is initiated under section 271H for late filing of 26QB. Please guide me
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