PENALTY AMOUNT FOR NON-FILING OF TCS RETURN FOR THE Q2

This query is : Resolved

RAKESH kumar (Querist)
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19 December 2009 SIR,

I HAVE PROPERITORSHIP CONCERN.
AND RETURN FORM THE Q2(JULY TO SEP 09) IS NOT FILLED. WHAT IS THE PENALTY AMOUNT FOR NON-FILING OF TCS RETURN(Q2).

AND TILL THEN TCS NOT DEPOSIT IN GOVT DEPTT.

PENALTY AMOUNT IS TO BE FILLED IN CHLLAN 281 OR OTHER AWAY

PLZ REPLY..................../

but sir we have not deposited tcs amount for the month of aug 09 for Rs.2984+60+30=3074.upto till date.

then how much tcs penalty upto 30th,dec,09 if we depsoit the tcs amount on 22/12/09.

plz suggest me......................./

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 December 2009 Non Filing of TCS Return - Penalty Rs.100 per day up to the date of fling

Non payment tax - Interest will be 1 % per month on the Tax amount

Penalty you can show challan 281 it self

RAJAN GUPTA

RAJAN GUPTA (Expert)
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31 January 2010 penalty is not self imposed means its not automatic ,you should deposit only interest,penalty may or may not be imposed by ito (tds) & generally it has not been imposed ,so in my opinion you should not deposit penalty your self ,but yes interest you must deposit before filing of the return

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