Late filing of tds returns
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 March 2012
Sir,
What is the penalty for late filing of TDS Returns? i have submitted TDS returns for F.Y. 2010-11 in March-2012? What amount of penalty can be levied on me?
What is the penalty for late filing of TDS Returns? i have submitted TDS returns for F.Y. 2010-11 in March-2012? What amount of penalty can be levied on me?
31 March 2012
They can impose penalty U/s 272A(2). Penalty will be Rs.100 ( each return) per day default continues but subject to maximum of tds amount.
But before passing any order for imposing penalty, the IT department is required provide us an opportunity to explain our situation(notice).
But before passing any order for imposing penalty, the IT department is required provide us an opportunity to explain our situation(notice).
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14 April 2012
Experts have given proper reply to your query and I agree with them
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