Late filing of tds returns
This query is : Resolved
12 November 2014
Whether penalty under sec 271H is applicable on late filing of TDS return which pertains to only reporting of Freight entries and does not involve any tax deduction.
12 November 2014
In my opinion.Yes penalty under 271H will be applicable if no return is filed.
.
.
only when,
If deductor exceeds one year time limit to File TDS Statement.
If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
.
.
Hence if in ur case delay is not more than 1 year no need to fear abt 271H
.
.
only when,
If deductor exceeds one year time limit to File TDS Statement.
If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
.
.
Hence if in ur case delay is not more than 1 year no need to fear abt 271H
12 November 2014
in my case,the return is late by more than 1 year. but the main issue is that whether penalty can be imposed for late filing of return which involves no TDS deduction.
12 November 2014
Yes.In my opinion it is applicable.
This amendment is effective from 1st July 2012.
We cannot escape just like 234E
.
.
where fee is limited to tds deducted
.
.
234E is levy feee
.
.
271H is penalty
This amendment is effective from 1st July 2012.
We cannot escape just like 234E
.
.
where fee is limited to tds deducted
.
.
234E is levy feee
.
.
271H is penalty
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Section 50-fixed asset-->building ceases to exist
- Putting a heading on received mail
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
