TDS

This query is : Resolved

narender (Querist)
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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???????

jegannath G

jegannath G (Expert)
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18 May 2009 yes you can file

belated return will be accepted by Integerated

narender

narender (Querist)
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18 May 2009 But it will attract any penality???????

if yes then what it would be????????

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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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.

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