About of tds

This query is : Resolved

chanchal kr verma (Querist)
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22 January 2014 dear sir

we are not issuing tds certificate on quarterly basis because my vendor check it them self form 26AS.

will we liable for penalty Rs.100/- per day

Ganeshbabu K

Ganeshbabu K (Expert)
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22 January 2014 As per rule 31A deductir have to issue tds certificates with in 15 days from the due date of filing tds return
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.failure to issue tds certificates u.s 203
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Will attract penalty under section 272(A)(g)
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.
Rs.100/- per day not exceeding tds deducted

Ganeshbabu K

Ganeshbabu K (Expert)
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22 January 2014 Circualr 4/2013 dated 17.4.2013
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.and also it valid only if u issue tds certificates downloaded from TRACES website
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Issuing tds certificates other than from traces as invalid...and i guess there is a penalty for not downloading tds certificates from traces
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May be around 5000 tp 10000

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