Delay in tds return

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2012 whether fee of Rs.200/day due to delay in submission of return is also payable for return for the period of Jan-Mar'2012 or not ?

01 August 2012 There is penalty of Rs 100/- per day upto 30th June 2012

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2012 Sir as per provisions of Sec.207 of the income tax act “In case TDS/TCS statement is furnished after due date, a fee of Rs.200 per day of delay shall be payable before furnishing such statement”


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01 August 2012 Penalty of Rs. 200/- per day is applicable from period commencing from 01.07.2012.

It is not applicable in your case.

Thanks

01 August 2012 Sec 207 is for payment of Advance Tax. Sec 207 does not relate to furnish the TDS return

01 August 2012 I agree with above expert



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