regarding non-filing of tds returns....
This query is : Resolved
ROHIT BANSAL
(Querist)
05 August 2010
one of your assessee has not filed the return of tds for the financial year 2008-09....what are penalty or interest which can be levied on the assessee....
please reply soon..it's urgent....
please reply soon..it's urgent....
Aditya Maheshwari
(Expert)
05 August 2010
TDS return to be filed in case there is deduction in any quarter.
Penalty for late filing of TDS return in case there was deduction in a quarter and return not filed is Rs. 100/- per day from the due date till the date of filing of eTDS return.
Penalty for late filing of TDS return in case there was deduction in a quarter and return not filed is Rs. 100/- per day from the due date till the date of filing of eTDS return.
ROHIT BANSAL
(Querist)
06 August 2010
whether the penalty amount can exceed the amount of tax already paid
Aditya Maheshwari
(Expert)
06 August 2010
I think not. And till date no one has received a notice for penalty for payment of above. However if could be demanded anytime.
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