Tcs return


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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2014 During the F.Y 2013-14 company has deducted and deposited TCS with in time but company has fail to submitted TCS return except Q3. so can anybody tell me what are the consequence.

06 August 2014 Late fees of Rs 200 per day subject to a maximum of TCS amount involved will have to be paid u/s 234E.

Default will be counted from the due date of filing of return till the date on which the return is actually filed.

Rupesh Jain (Expert)
06 August 2014 you have tot pay TCS return fine u/s 234E @ 200 per day for default period till actul file date.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2014 If co did not want to file the return as party did not demand for certificate. then what are the consequence.

06 August 2014 Since you have deducted and deposited the amount you have to file the return.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2014 Is there any maximum limit of penalty?

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2014 Is there any maximum limit of penalty?

06 August 2014 It is mentioned herein above. The amount of penalty can not be more than the TCS amount involved.

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2014 Ok Thanks for the reply


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