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TDS Return late fees deposition procedure

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Arun Yadav

Arun Yadav (Querist)
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22 July 2011 TDS return Late fees, procedure for deposit

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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22 July 2011 No late fees need to be deposited for late filing of TDS return. Wait for the instructions of department. The penalty for late filing is Rs 100 per day. But the department is so far very lenient in this regard. So just file your return and wait for the instructions.

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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22 July 2011 No late fee is required to be paid at our own.

Department can levy penalty of100/ per day for the period of default.

A O (TDS) has got discretionary powers in this regard.

Generally looking towards the cost involved in serving the notices and practical problems faced by the assessees in filing TDS Returns AO may not levy the penalty.

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