Tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2013 Dear Sir,
Suppose tds return is filed after 2 months of due date. In the above case 200/- per day penalty is mandatory
or
if the deductor has reasonable cause for late filing then it can be avoided by the department.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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01 July 2013 Yes. penalty will apply for late filing of TDS return, on demand you can pay the same

Querist : Anonymous

Querist : Anonymous (Querist)

01 July 2013 Whether it is mandatory
or
it assessee shows a reasonable cause for delay then whether it can be abated by department?

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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02 July 2013 Sec.234E apply Rs.200 per day subject to maximum of the tax amount involved in the return.

On demand by department it can be paid. Department cannot abate this