08/08/2026
TDS/TCS Prosecution Relief 2026: Important Proposal for Taxpayers
The Taxation and Other Laws (Amendments) Bill, 2026 proposes relief from prosecution in genuine cases of delayed TDS/TCS deposits.
The key proposal: where deducted or collected tax is deposited before the due date for filing the relevant TDS/TCS statement, prosecution relief may be available, subject to prescribed conditions.
β οΈ This proposal does not mean that TDS/TCS can routinely be deposited late. Interest, reporting and other applicable consequences should be examined separately.
Businesses should continue timely TDS/TCS deposit, reconciliation and statement filing.
Available in Delhi NCR, Ghaziabad, Noida, Vaishali & Indirapuram.
Contact now for assistance with TDS/TCS and tax compliance.
π More details: https://caamitaagrawal.com/blog/tds-tcs-prosecution-relief-taxation-other-laws-amendments-bill-2026