10 June 2015
Under the section 203 of the Income Tax Act, 1961 read with rule 31A, Certificate of TDS is to be furnished within fifteen (15) days from the due date for furnishing the statement of TDS. Failure to comply with the provisions of the Act will attract penalty under section 272A(2)g of the Act, a sum of one hundred rupees(Rs.100) for every day during which the failure continues.