Penalty for not filing of TDS return????
This query is : Resolved
28 December 2010
Pls. tell me penalty for not filing of TDS return & the governing section or rule therefor.....
In my case we have wrongly filed TDS u/s 195 in Form 26Q instead of Form 27 now on rectification Form 27 will be treated as not filed since 200-08.
So, what will be the penalty & any other way out??????????
In my case we have wrongly filed TDS u/s 195 in Form 26Q instead of Form 27 now on rectification Form 27 will be treated as not filed since 200-08.
So, what will be the penalty & any other way out??????????
28 December 2010
Penalty proceedings are quasi-criminal in nature. As held judicially in many cases, presence of mens rea is essential for imposition of penalty.
From the facts, it appears to be an honest mistake and is well within the power of the adjudicating authority to condone the same.
In my view, it is not a case of non filing, rather a mere procedural lapse.
The penalty is Rs. 100/- per day of delay.
From the facts, it appears to be an honest mistake and is well within the power of the adjudicating authority to condone the same.
In my view, it is not a case of non filing, rather a mere procedural lapse.
The penalty is Rs. 100/- per day of delay.
Message likes :
1 times
28 December 2010
If at all penalty is proposed / levied seek waiver u/s 273B of the I.T.Act,1961.
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
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
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
