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?