Non filing of 24q

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guru prasad sahoo (Querist)
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15 October 2013 a company deduct TDS on salary for 1st qtr. but did not file. tds amount only 350. but 24 q for 2nd qtr filed. when will file for 1st quarter 24 Q.

@VaibhavJ

@VaibhavJ (Expert)
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15 October 2013 Hi

ETDS return for Q1 is time barred & you have to pay penalty while filing ETDS return.

Thanks//VaibhavJ

guru prasad sahoo

guru prasad sahoo (Querist)
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15 October 2013 how much the penalty for this. tds amount is only 350 for the quarter. so penalty is more than the tds or not

@VaibhavJ

@VaibhavJ (Expert)
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15 October 2013 Hi

Section 234E – Levy of Fees

Failure to submit e-TDS Statement on time will result in fees on the deductor.
If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.

The levied amount of fee is not supposed to exceed the TDS deductibles.

Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Thanks//VaibhavJ

@VaibhavJ

@VaibhavJ (Expert)
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15 October 2013 So in your case it is Rs. 350.

Thanks//VaibhavJ

guru prasad sahoo

guru prasad sahoo (Querist)
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17 October 2013 how i will pay the penalty of 350. or the company will pay. because i responsible for filing. please suggest me. Thanks@ Vaibhav

@VaibhavJ

@VaibhavJ (Expert)
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17 October 2013 Hi

Company has to pay that amount & they may recover same from your salary.

You can pay same amount online or at the time of E-Filing add this amount in filling fee.

Thanks//VaibhavJ

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