Question 1

What is the penalty for late TDS deposit?

Accepted Answer

Interest under Section 398(3) at 1% or 1.5% per month depending on delay stage, plus late filing fees under Section 427 for returns. We quantify exposure and regularise promptly.

Question 2

Can TDS be claimed if the deductor has not filed returns?

Accepted Answer

Credit generally requires correct reporting in AIS/Form 168. We follow up with deductors and advise on TDS credit provisions under the Income-tax Rules, 2026 where entries are missing but tax was duly deducted.