TDS
This query is : Resolved
18 May 2009
HI I AM WORKING IN A PRIVATE COMPANY
I HAVE NOT FILE OUR TDS RETURN FOR SALARY FOR FIRST 3 QUARTER.
IS THIS ATTRACT ANY HUGE PENALITY BECAUSE TDS DEPOSITE AMOUT IN EACH QUARTER IS SO HIGH.......
IS THERE IS ANY PROVISION FOR FILLING NOW FOR ALL FOUR QUARTER???????
I HAVE NOT FILE OUR TDS RETURN FOR SALARY FOR FIRST 3 QUARTER.
IS THIS ATTRACT ANY HUGE PENALITY BECAUSE TDS DEPOSITE AMOUT IN EACH QUARTER IS SO HIGH.......
IS THERE IS ANY PROVISION FOR FILLING NOW FOR ALL FOUR QUARTER???????
jegannath G
(Expert)
18 May 2009
yes you can file
belated return will be accepted by Integerated
belated return will be accepted by Integerated
18 May 2009
But it will attract any penality???????
if yes then what it would be????????
if yes then what it would be????????
27 July 2025
Here’s the scoop on your situation:
1. **Can you file TDS returns now for the missed quarters?**
Yes, you **can file belated TDS returns** for the first three quarters along with the 4th quarter return.
2. **Will there be any penalty for late filing?**
Yes, there **will be a penalty under Section 234E** of the Income Tax Act for late filing of TDS returns. The penalty is **₹200 per day** of delay from the due date of filing the TDS return until the actual date of filing, subject to a maximum of the TDS amount payable.
3. **What about interest on late TDS deposit?**
If you have deposited TDS on time, no interest under Section 201(1A) is applicable. But if TDS deposit is also late, then interest under Sections 201(1A) and 234B/234C may apply.
4. **Practical suggestion:**
* File all pending TDS returns immediately to minimize the penalty.
* Deposit any pending TDS amount along with interest as applicable.
* Keep records of all challans and returns filed.
---
1. **Can you file TDS returns now for the missed quarters?**
Yes, you **can file belated TDS returns** for the first three quarters along with the 4th quarter return.
2. **Will there be any penalty for late filing?**
Yes, there **will be a penalty under Section 234E** of the Income Tax Act for late filing of TDS returns. The penalty is **₹200 per day** of delay from the due date of filing the TDS return until the actual date of filing, subject to a maximum of the TDS amount payable.
3. **What about interest on late TDS deposit?**
If you have deposited TDS on time, no interest under Section 201(1A) is applicable. But if TDS deposit is also late, then interest under Sections 201(1A) and 234B/234C may apply.
4. **Practical suggestion:**
* File all pending TDS returns immediately to minimize the penalty.
* Deposit any pending TDS amount along with interest as applicable.
* Keep records of all challans and returns filed.
---
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