ETDS Penalty
This query is : Resolved
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
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
The above provisons are contained under Section 272A of the Income Tax Act
10 March 2008
RS.100/- PER DAY
11 March 2008
yes it is 100 per day
11 March 2008
Its Rs.100 per day of default.
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