Maruthi (Tds Returns Preparer) (207 Points)
18 October 2012Dear all,
If notice received from Assessing Officer intimating the Non-Filing of TDS returns and penalty.
But, the A.O. is requested the deductors to file the tds returns within 15 days after receiving the such notice.
Query is if the deductor filed the tds returns within 15 days from the date of receiving the notice, whether Penalty have to pay or not?
Regards
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 18 October 2012
Penalty for Late or Non-Filing of TDS return or Statement u/s 271H
A person shall be liable to pay penalty if –
Amount of Penalty
The penalty to be paid shall be a sum which should not be less than Rs. 10000 but can be extended to Rs. 100000.
Penalty will not be levied if the person proves that after paying tax deducted or collected along with the fees and interest, if any, to the credit of the Central Government, he had delivered or cause to be delivered the statement before the expiry of 1 year from the time prescribed for delivering or causing to be delivered such statement.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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