Late filing of etds cause penalty.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2013
Sir
If tds is deducted in time and deposited in time but only etds filing is done late will cause penalty or not.
If yes what will be amount of penalty.
We have recd penalty letter from Income tax and amount of penalty is total challan amt. of TDS for that quarter for 26q.
Should we pay this penalty or can we make appeal for relaxation of penalty if yes to whom?
Please guide us.
If tds is deducted in time and deposited in time but only etds filing is done late will cause penalty or not.
If yes what will be amount of penalty.
We have recd penalty letter from Income tax and amount of penalty is total challan amt. of TDS for that quarter for 26q.
Should we pay this penalty or can we make appeal for relaxation of penalty if yes to whom?
Please guide us.
Nitesh Parmar
(Expert)
18 October 2013
Penalty is laviable of Rs. 200 per day after due date and maximum of TDS Amount.
Message likes :
1 times
18 October 2013
Hi
Yes it is correct. Max is TDS challan amount & Rs. 200 per day.
Thanks//VaibhavJ
Yes it is correct. Max is TDS challan amount & Rs. 200 per day.
Thanks//VaibhavJ
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