Fact-check notes
Last fact-checked: 2026-05-30
Tax caution: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. New Act, new section and new form references should be verified against official utilities before filing.
Research note: This page uses Batch 15 competitor-gap research and supplied forward-looking 2026 topics. Treat future-dated form or section references as planning notes until official utilities confirm them.
Use this page as preparation guidance. A professional should verify the active law year, notification, portal utility and source records before filing or taking a tax position.
What this covers
Section 427 is a new Act mapping topic for late TDS return fee planning. Deductors should verify active section mapping, fee amount and return status before filing.
- Late TDS return filing generally creates fee and sometimes penalty exposure.
- Fee should be computed with challan and quarter status, not guessed.
- TDS return processing can also trigger interest and short-payment demands.
- Correction filings should be planned if PAN, challan or amount is wrong.
Who this is for
- Business missed quarterly TDS return.
- Company received late fee demand.
- CA regularising old TDS quarters.
- Deductor fixing wrong PAN or challan data.
Documents and data to verify
- Quarter-wise deduction data.
- Payment challans and delay calculation.
- TDS return status and defaults file.
- Correction statement history.
Common mistakes to avoid
- Filing return without paying late fee where required.
- Ignoring interest or short deduction defaults.
- No deductee credit check after correction.
- Treating challan payment as return completion.
How to proceed
- Confirm the applicable financial year, assessment year, taxpayer type, state and portal status before acting.
- Reconcile portal data with books, AIS/Form 26AS, GST returns, contracts, invoices, bank statements and source documents.
- Prepare a written computation, checklist, filing note or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is this page final legal advice?
No. Use it to prepare. A professional should verify the active law year, notification, portal utility and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, advisory or representation.