03 January 2017
Dear Sir, Today I received an intimation from the Income Tax CPC regarding downloading the Form16A without further loss of time. I filed regular statement Form 26Q2 on 24.10.2016 and intimation recd. on 03.01.2017. Now I have made an request. Will I be surely penalised or its depends. Total tax amount is Rs, 2420/-. How much penalty amount would be there. Please inform.
03 January 2017
Certificate of tax deducted at source is to be furnished within fifteen (15) days from the due date for furnishing the statement of tax deducted at source. Failure to comply with the provisions of the Act will attract penalty under the provisions of section 272A of the Act, a sum of one hundred rupees for every day during which the failure continues.