14 October 2013
Please advise, is there any penalty or prosecution for revision of quarterly TDS return? 1. Revision on account of challan and nature of payment for quarter ending at 30-Sep-2013?
14 October 2013
Sanjay ji, kindly explain the meaning of corrective return because there is provision of penalty of Rs. 10,000 to Rs. 1,00,000 on corrective TDS return?
15 October 2013
Section 271H - A person shall also be liable to penalty in case the return has not been filed within 1 year from the due date of filing of return or if incorrect information has been delivered. The penalty levied should not be less than Rs. 10,000 and not be more than Rs. 1,00,000.
In the instant case 1 year not expired so no penalty will be levied.