Q. 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. Maximum penalty that can be levied is ______. (Solved)
1. 1,00,000, but not exceeding the amount of TDS/TCS.
2. 2,00,000
3. 3,00,000
4. 4,00,000
- a. 1,00,000, but not exceeding the amount of TDS/TCS.