Late fee and Penalty for TDS return filed after due date

Now, as per the amendments in Finance Act 2012, w.e.f 01-Jul-2012 section 272A is substituted by Section 271H and a new section 234E has been inserted. As per old section 272A of the Income tax Act, if the TDS return is not filed within due date, penalty is charged @ Rs. 100/- per day till the return is filed.
Section
Section 234E – Fee
Section 271H – Penalty
W.e.f.
01-Jul-12
01-Jul-12
When leviable
If the TDS return is not filed within due date
If incorrect information is furnished in return or if return is not filed within one year from the due date
Minimum
Rs. 200 per day till the return is filed
10,000/-
Maximum
TDS amount
1,00,000/-
Whether mandatory
Yes, to be deposited before filing of such TDS return
No

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