Up-to-Date Compliance

Tax Glossary Definition

Up-to-Date Compliance

Up-to-Date Compliance – Up-to-date compliance refers to maintaining all statutory and regulatory obligations, including timely filing of Income Tax Returns (ITR), TDS/TCS deposits, GST returns, and other applicable filings. Staying compliant helps avoid penalties, interest, and legal consequences.

Example: Filing the ITR on time ensures up-to-date compliance and avoids penalties for late filing.

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