please help me, i didn't tds return file from 01-04-12 to till date , but tds paid regularly to govt. now i want to file tds return so any big penalty will be fine to govt ?
28 January 2013
It is better to file as the penalty leviable has been prescribed to Rs.200/day. . But the Govt knows it very well that the Deductor is helping to the department by collecting tax on its behalf . . If you have deposited the amount of TDS well in time, Govt is not going to honour you by giving Thanks... is this not a big penalty? So, I do not think that merely for non filing of e-tds return, penalty will be levied. File the returns without even thinking about it. .