What's the interest and penalty for late filing of TDS return. Is it per CD i.e. Rs. 100 for 24Q and Rs. 100 for 26Q per day.
Pls clarify.
10 Replies
SSG
(1936 Points)
Replied 22 October 2009
But is it Rs. 200 i.e. Rs. 100 for 24Q and Rs. 100 for 26 Q or Rs. 100 only?
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 22 October 2009
- When the TDS return is filed after the due date, you attract penalty under section 272A(2)(1).
- The penalty shall be Rs.100, for each day of delay, subject to the maxium of tax deducted.
- But before passing any order imposing penalty, the department is bound to provide us an opportunity to explain our position.
It is Rs. 200/- because 24Q and 26Q both are to be filed seperately thats why 100 rs. each for each type of TDS REturn is payable as panelty. per day
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 27 October 2009
Yes Dear Experts are right
DHANS
(Junior Executive - Finance)
(26 Points)
Replied 30 May 2012
HI All,
Can anyone pls let me know how to pay penalty for late filing of ETDS return.
Thanks
Dhana
ramashankar Raman
(student)
(50 Points)
Replied 26 June 2012
Dear,
tell me if an employeer's can not file TDS return for 2 years then he can file TDS Return Now
how can do That ?
how much Panelty & Interest To be Charged ?
Please tell me in details
Murtaza I Bhagat
(Tax & Finance Consultant)
(10523 Points)
Replied 26 June 2012
Dear Ramashankar,
yes they can file tds return for previous 2 years now
for filing return you have to contact tin-nsdl center at your area
first file your tds return with exact data, if there is any complication in it then dept. will inform you
umesh gupta
(proprietor)
(22 Points)
Replied 29 July 2012
dear sir,
a tds return for q2,q3 and q4 for financial year 2011-12 not filed. tax liability in all the three qtrs is rs.364/-, rs.2044/- and Rs.4625/-.
is according to provisions given penalty u/s 272 A(2) restricted to tax payble i.e. Rs.364/-,2044/- and Rs.4625/- only.
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