Tds query

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2012 What will be the consequences for not filling the TDS Return for the last Quater??

CA Manish

CA Manish (Expert)
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15 October 2012 Failure to file TDS return
1.Rs 200 per day Limited to amount of
TDS (Sec 234E).

2.
In addition to section 234E above, a new penalty provision has been inserted as section 271 H which provides that a deductor shall pay penalty of minimum Rs 10,000 to Rs 1 lakh for not filing the TDS statement within one year from the specified date within which he was supposed to file the statement. This amendment is also effective from 1st July 2012.

Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2012 what if TDS in Laast quarter is NiL?

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Querist : Anonymous

Querist : Anonymous (Querist)

15 October 2012 and thank u

CA Manish

CA Manish (Expert)
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15 October 2012 Filing of NIL Return is not Mandatory therefore no question of any penalty.