Penalty


This query is : Resolved 

20 December 2013 Dear Sir,

For example if you have submitted the 5 days late, then you will be charged penalty of Rs 1000. However, if the total deduction done for that return is Rs. 900, then penalty amount will be Rs.900.

20 December 2013 Yes, it is the Fee[Sec.234E] for delay tds return filing and it is correct

ALONG WITH ABOVE
.
.
Section 271H [LATEST AMMENDMENT]– Penalty

Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,

1)If deductor exceeds one year time limit to File TDS Statement.
2)If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.


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