Nandakumar K Konkar (Partner) (246 Points)
11 January 2013Friends,
Late fee of Rs. 200/- per day u/s 234E has been levied for late TDS return filing.
Does assessee have to pay this late fee before TDS return filing?
Does TDS return get accepted at TIN - FC after due dates even though late fees are not paid?
Thanks
CA N Konkar
Simran
(Student)
(1165 Points)
Replied 11 January 2013
You are right .........It is very important to file TDS returns on time because late filing can result in paying late filing fees according to Section 234E
File eTDS Statement in time or pay late filing fees ( Section 234E)
From 1st July 2012, failure to submit eTDS statement in time will result in fees
Penalty for late filing or incorrect filing ( Section 271H)
Effective July 1, 2012
Therefore, file your TDS returns properly and on time to avoid penalty for late filing of TDS returns.
TDS/TCS Compliances for 3rd Quarter of F.Y. 2012-13
You can use TDSMAN software for filing TDS and TCS returns as per TIN Nsdl format. This TDS software enables eTDS & eTCS return generation of all types of forms - 24Q, 26Q, 27Q, 27EQ & also prints TDS certificate - form 16, form 16A.
Moreover, it has been rated no.1 as per NSDL data as acceptance of Correction Returns.
You can download the free trial of TDSMAN software from https://www.tdsman.com/Trial-Form.aspx
You can even watch the video demo of TDSMAN software from https://www.tdsman.com/Product-Demo.aspx
kavitha
(studying final)
(830 Points)
Replied 11 January 2013
yes, assessee has to pay late fee and file tds return..... may be they are going liberal. but its better to pay n file to avoid future headaches
shankar
(student)
(97 Points)
Replied 11 January 2013
Dear Nanda Kumar
u/s 234E we have to pay late fee (Rs. 200/- per day) for late filing TDS returns.
It is applicable from the F.Y. 2012-13.
No chance for escape for late fee, because it is impossible filing the TDS returns without paying late fee.
Nikhil Kaushik
(Fellow CA)
(85319 Points)
Replied 12 January 2013
Dear Nandan,
As Shankar has pointed out, there is no possibility of filing tds returns late without paying requisite penalty.
You may refer to Section 234E(3) -
The amount of fee referred to in sub-section (1) shall be paid before delivering or causing to be delivered a statement in accordance with sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C.
CA Tripurari Kumar Thakur
(Accounts Excutives)
(144 Points)
Replied 19 January 2013
dear plz advise ..in which challan and in whose favour cheque would be drawn for the late fee payment
Priteshkumar N.Rathod
(Chartered Accountants)
(46 Points)
Replied 18 March 2013
From 1st July 2012, failure to submit eTDS statement in time will result in fees
CAclubindia
