will you please tell me the consequences for non filling of tds return for AY 2012-13 where as we had already paid the tds through 281 challan
3 Replies
sadashiv Rupchand Gaikwad
(Proprietor)
(521 Points)
Replied 30 December 2012
Mere to deposit TDS amount in treasury but to upload eTDS return at tin facilition centre is must
CA Manish
(Job)
(5264 Points)
Replied 31 December 2012
1. Penalty u/s. 272A (2) (k) of the Act.
- Reason: - for late-filing of TDS returns.
- Amount: - 1. Minimum: - Rs 100 per day till the default continues
2. Maximum: - amount of TDS deductible.
- No Penalty: - for reasonable cause.
- No penalty will be charged under this section if return pertains to period for the TDS and TCS to be deducted or collected on or after 1.07.2012.
2. Fee U/s 234E.
- Reason: - for late-filing of TDS returns.
- Amount: - 1. Minimum: - Rs 200 per day till the default continues
2. Maximum: - amount of TDS deductible.
- Penalty under this section will be charged if return pertains to period for the TDS and TCS to be deducted or collected on or after 1.07.2012.
3. Penalty u/s. 271H.
- Reason: - for late-filing of TDS returns beyond One year from the original due date.
- Amount: - 1. Minimum: - Rs 10,000.
2. Maximum: - Rs 1, 00,000.
- Penalty under this section will be charged if return pertains to period for the TDS and TCS to be deducted or collected on or after 1.07.2012.
CA Manish
(Job)
(5264 Points)
Replied 31 December 2012
To know all the consequences regarding Non compliance with tds provision read the artice at below link:-
/articles/10-consequences-of-non-compliance-with-tds-provisions-15423.asp#.UOEtz1JK31U
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