08 May 2012
As of now, there is a penalty of Rs. 100 per day, which is not necessarily imposed. Notice is raised but it can be waived. But, union budget 2012 imposed a late fees, which is mandatory, @ Rs. 200 per day of default.
08 May 2012
At persent, there is a penalty of Rs. 100 per day, but it can be waived if there is a genuine reason for not filing the return. For the quarter ended 31/03/2012, the due date is 15/05/2012.
We are paying the TDS on Rent for the month of Decemeber 2012. Is there any penalty for the late payment. We just started a Hotel and not paid for any month(i.e,. stated on December month 2012 only.
CAclubindia
