TDS Return

This query is : Resolved

SATYENDRA KR. GUPTA (Querist)
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17 December 2009 Dear Friends,

A Company not file any TDS Return from Ist quarter of the Financial Year 2009-10 to till date.

Is any penality for delay filling of the return ?.If any ,then what is the amt of penality.

Thanks & Regards with Jai Ho

S.K.Gupta

CA.Tarun Maheshwari

CA.Tarun Maheshwari (Expert)
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17 December 2009 Yes. The penalty for non filing of TDS return is Rs. 100 per day till the default continues.

veena

veena (Expert)
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17 December 2009 Rs.100 per day is correct.If u prove that delay is for genuine cause peanlty will not be levied. you can wait till u get showcause notice

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