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regarding non-filing of tds returns....

This query is : Resolved 

05 August 2010 one of your assessee has not filed the return of tds for the financial year 2008-09....what are penalty or interest which can be levied on the assessee....

please reply soon..it's urgent....

05 August 2010 TDS return to be filed in case there is deduction in any quarter.

Penalty for late filing of TDS return in case there was deduction in a quarter and return not filed is Rs. 100/- per day from the due date till the date of filing of eTDS return.

06 August 2010 whether the penalty amount can exceed the amount of tax already paid


06 August 2010 I think not. And till date no one has received a notice for penalty for payment of above. However if could be demanded anytime.



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