Tds deposit date and tds return date

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Juwairiyah (Querist)
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12 November 2013 what ia the due date for deposit of tds amt and penalty if not deposited & what is the due date for tds return &penalty if return not file in given time

Nikhil Kaushik

Nikhil Kaushik (Expert)
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13 November 2013 Due Dates:

Quarter

April to June 15 July

July to September 15 October

October to December 15 January

January to March 15 May

penalties:

Fees for delay in furnishing the statements: (refer section 234E of Income Tax Act)
Effective from 1st July 2012, any delay in furnishing the eTDS statement will result in a mandatory fees of Rs. 200 per day, the total fees should not exceed the total amount of TDS made for the quarter. The late filing fee should be paid before filing such delayed eTDS statement.

Penalty for failure to furnish statements and furnishing incorrect statements: (refer section 271H of Income Tax Act)

Failure to file eTDS statement delaying more than an year or furnishing incorrect details in the statement filed like PAN, Challan and TDS Amount etc, will result in a penalty ranging from Rs. 10,000 to one lac.