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Prosecution for Default of Interest & Late Fees on TDS - Income TaxExtract Dear Experts, Require your guidance on the subject topic in title. Is there prosecution for of default of Interest on TDS late fees as Section 276B states that prosecution for non payment of TDS, however in present case, TDS has been paid in each quarter with 2 months delay there is demand of interest late fees outstanding. The amount of fees interest not paid is Rs. 70 Lakhs which has accumulated from 7-8 Years pertains to AY 2010-11 further. Kindly guide if there is any section for prosecution of such demand compounding solutions if any?
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