10 November 2010
Respected all Our Comnpany has not filed its TDS return(26Q and 24Q)of first quarter and second quarter. Can we file the return of these quarters now ? Further, if it can be filed, what may be the consequences (panelty,interest etc.) of filing the return after due date.
10 November 2010
Yes you can file it now. Penalty for late filing of TDS return is Rs 100 per day of default, subject to maximum of TDS amount. You just file the return and wait for the notice from department. you are not required to pay the penalty now.
CAclubindia
