Penalty for late tds return

This query is : Resolved

jeeva (Querist)
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23 November 2010 Dear sir,

we have deduct tds for client Rs.5000/- and deposite same day (dt 14.04.09) till now we did not file the tds return.

Is there any penalty for non filing for tds return and how much.

Pls clarify

Thanks & Regards,
Jeeva

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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23 November 2010 Yes penalty is Rs 100 per day for not filing TDS return within due date...
Say you file return 5 days after due date so penalty is Rs 500/-

But have not seen many cases of imposing such penalty..

jeeva

jeeva (Querist)
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23 November 2010 Thanks sir

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