Tds late filling fees u/s 154
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 April 2014
Dear sir,
We have paid the TDS on right time but the tds return is one month late & Traces has send me a intimation u/s154 for late filling levy fees . so just want to know how it is calculated .
We have paid the TDS on right time but the tds return is one month late & Traces has send me a intimation u/s154 for late filling levy fees . so just want to know how it is calculated .
30 April 2014
Please refer to section 234E.
Section 234E – Levy of Fees:
# Failure to submit e-TDS Statement on time will result in fees on the deductor.
# 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.
# The levied amount of fee is not supposed to exceed the TDS deductibles.
# Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.
Applicable from 01.07.2012
Section 234E – Levy of Fees:
# Failure to submit e-TDS Statement on time will result in fees on the deductor.
# 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.
# The levied amount of fee is not supposed to exceed the TDS deductibles.
# Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.
Applicable from 01.07.2012
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