Fees and Penalty for Late Filing of TDS Returns are as follows:
Section 234E-Levy of Fees
- Failure to submit TDS return on time will result in fees on the deductor.
- If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
- The levied amount of fee is not supposed to exceed the TDS deductibles.
- Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.
Section 271H-Penalty
- Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
- If deductor exceeds one year time limit to File TDS Statement.
- If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
YOU COULD HAVE SENT THIS INFORMATION AT LEAST 3/4 DAYS IN ADVANCE AND NOT ON THE LAST DAY AT 5.15PM.
IN FUTURE, PLEASE INFORM YOUR READERS WELL IN ADVANCE.
THANKS
RK BHUWALKA
All ready rajister seen
inter pan number and name
IF I PAID TDS AMOUNT AFTER DUE DATE (AFTER 7TH ), SO INTEREST AMOUNT WILL HAVE TO PAY UNDER WHICH SECTION?WHITE CODE I HAVE TO SELECT WHILE INTEREST AMOUNT PAYING