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ETDS Penalty

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(Querist)
08 March 2008 Can any one update me with the maximum amount of penalty that can be imposed by the income tax authority for non filing of ETDS return and is there any case law supporting the view
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Gopalakrishnan

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Gopalakrishnan (Expert)
08 March 2008 The Penalty is Rs.100/- for every day of continuing default subjct to amount of tax deductible or collectible.

The above provisons are contained under Section 272A of the Income Tax Act
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CA Saurabh Maheshwari

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CA Saurabh Maheshwari (Expert)
10 March 2008 RS.100/- PER DAY
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jegannath G

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jegannath G (Expert)
11 March 2008 yes it is 100 per day
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CA Pattanayak

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CA Pattanayak (Expert)
11 March 2008 Its Rs.100 per day of default.

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