Tds return have to file for tds u/s 195?

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raj (Querist)
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20 October 2012 we have not filed tds return (form-27q) in 2nd qtr (15 july 2012)

tds return have to file for tds u/s 195?

if not,its attract penalty in section 234E

any solution if attract penalty

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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20 October 2012 Penalty for late filing or non- filing TDS statement:

New penalty provision has been inserted as section 271H which provides that a deductor shall pay penalty of minimum Rs 10,000 to Rs 1 lakh for not filing the TDS statement within one year from the specified date within which he was supposed to file the statement. This amendment is also effective from 1st July 2012.

Fee U/s 234E for late filing of TDS Statement:

New section 234E has been proposed 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.

Only solution--file as soon as possible.

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