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Discussion > Income Tax > TDS >

Penalty for late submission of tds return

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accountant

[ Scorecard : 36] 		Posted On 02 July 2012 at 14:15 Report Abuse

I can't submitted tds return for Q2 of F/Y 2011-12. Now i am submitted that tds return. Please tell me that is imposed penalty which rule started from 01 July 2012 (Section 271H).

Manish
Expert

[ Scorecard : 339] 		Posted On 02 July 2012 at 15:13

 

Following are the consequences for delayed filing of TDS returns.

  1. There is a penalty provision of Rs 100 per day, for delayed filing of Quarterly statement under TDS or TCS.
  2. The filing and thereby consequences are treated separately for Form 24Q, 26Q, 27Q and 27EQ.
 

 



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