Section 201 under the
Income-tax Act, 2025
Consequences of failure to deduct/collect or pay TDS/TCS; assessee-in-default
Topic
Consequences of failure to deduct/collect or pay TDS/TCS; assessee-in-default — TDS provisions under the Income-tax Act, 2025 (Act 30 of 2025).
What carried over
The substance of this provision was not changed by the re-write. What moved is the citation.
The 'not deemed to be an assessee in default if the payee has filed and paid' relief (old first proviso to 201(1)) is preserved and is cross-referenced from s.35(b)(i)(B) for the disallowance rules.
Source
ICAI concordance row '398 | Consequences of failure to deduct or pay or, collect or pay | 201, 206C'.
CBDT publishes its own correspondence utility on incometaxindia.gov.in and that is the authority. Spot-check anything high-stakes there before you rely on it.
This is a navigational aid for the 1961 → 2025 transition, not tax advice. It helps you find the right place in the new Act when you already know the old section. Confirm every citation against the bare Act and against CBDT's own correspondence utility before relying on it in a return, certificate, notice reply or opinion. The source text used here is the Act as passed, so any rate or threshold amended by the Finance Act, 2026 is not reflected; section numbers are unaffected.