e tds

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Querist : Anonymous

Querist : Anonymous (Querist)

29 May 2011 what is the consequense of not filing the etds return with in the due date? if the e tds return is not filed with in the due date is the amount disallowed under the provisions of the act? when should we file the penalty of Rs. 100 per day is it at the time of filing or at the time of assessment?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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29 May 2011 In case TDS return is not filed within due date there is a penalty of Rs 100 per day till the default continues. No dis allowance of expenditure. Penalty to be paid when demand is raised by the department. The department is not yet too stringent on demanding the penalty. Very rare cases are seen where penalty is imposed.

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Querist : Anonymous

Querist : Anonymous (Querist)

30 May 2011 thank you sir for the information.

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