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Tds

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This query is : Resolved

jay Kumawat (Querist)

08 March 2014 how many let fee and teratment if not filling tds return after 2year but tds amount also deposit in tex department on due date.

Ganeshbabu K

Ganeshbabu K (Expert)

08 March 2014 Section 234E – Levy of Fees

1)Failure to submit e-TDS Statement on time will result in fees on the deductor.

2)If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.

3)The levied amount of fee is not supposed to exceed the TDS deductibles.

4)Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Section 271H – Penalty

1)Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,

**If deductor exceeds one year time limit to File TDS Statement.
**If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

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