05 October 2013
Whether you have paid the TDS if not then interest is to be paid if the delay is more then 12 months then prosecution proceeding with penalty for delay in filing of the return
Fees and Penalty for Late Filing of TDS Returns are as follows:
Section 234E – Levy of Fees
Failure to submit e-TDS Statement on time will result in fees on the deductor. If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed. The levied amount of fee is not supposed to exceed the TDS deductibles. Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement. Section 271H – Penalty
Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees, If deductor exceeds one year time limit to File TDS Statement. If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
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