Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 June 2013 I am getting late filing notice by the ITD.is there any way to avoid that as my all clients have filed the tds return late.

I am feeling that my clients may leave due to this.
PLEASE ANY ONE GIVE ANY SUGGESTION.

THANK YOU IN ADVANCE.

deepak

Rupesh Jain

Rupesh Jain (Expert)
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26 June 2013 no way to avoid penalty og delay return filing

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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26 June 2013 Section 234E has been inserted to be effective from 1st of July 2012, with heading “Levy of Fee in certain case” deductor will be liable to pay by way of fee of Rs 200 per day till the failure to file TDS statement continues, However, the total fee cannot exceed the amount of TDS deductible for which statement was required to be filed. No way to escape from this penalty.

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Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2013 ok under what head in challan it would come as penalty or others or any other

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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27 June 2013 http://law.incometaxindia.gov.in/dittaxmann/incometaxrules/pdf/challanitns-281.pdf

See the challan fron above link. There is option for Fees u/s 234E.