Penalty late tax return on filing after due date


Penalty and Late fee 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. 1-Jul-12 1-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


Posted in

Leave a Reply

Your email address will not be published. Required fields are marked *