LAST DATE OF TDS RETURN FILING FOR QUARTER 2, FY: 2018-19 IS 31st OCTOBER, 2018
With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.
- 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.