02 April 2011
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 maximum of tax deducted. But before passing any order imposing penalty, the department is bound to provide us an opportunity to explain our position.
You should wait for income tax notice for penalty for late filing of TDS return.
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