Answer

1. F

   Facts

   TDS statements for tax year 2026-27 onwards are under the Income-tax Act 2025. The late fee is Sec 427 of the Income-tax Act 2025 (old Sec 234E), still ₹200 a day capped at the TDS amount.

2. P

   Provisions and law

   • Sec 427, Income-tax Act 2025 (old Sec 234E)Late fee of ₹200 a day for a late TDS or TCS statement, capped at the TDS amount
   • Sec 397(3)(b), Income-tax Act 2025 (old Sec 200(3))Quarterly TDS statements (Forms 138, 140, 144) and correction statements
   • Sec 399, Income-tax Act 2025 (old Sec 200A)Processing of TDS statements and intimation of sums payable
3. A

   Analysis

   Only the numbers changed; the fee logic is the same. Example: Form 140 for Q1 2026-27 due 31 July 2026 filed on 20 August 2026 is 20 days late, so ₹4,000, unless the TDS in the statement is lower. The intimation will be under Sec 399 of the Income-tax Act 2025 (old Sec 200A). Quote the new form names in your records.

4. C

   Conclusion

   1. 1Check the intimation under Sec 399 on TRACES
   2. 2Compute the fee at ₹200 a day, capped at TDS
   3. 3Pay through e-Pay Tax selecting the Income-tax Act 2025 and tax year 2026-27
   4. 4Tag the challan in a correction statement
   5. 5Diary the next quarter due date

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