TDS Return penalty

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If you've missed the Q2 TDS return for FY 22-23, you're facing late filing penalties. The penalty is £200 per day, capped at the amount of TDS due. You cannot file a nil return and then revise it later to avoid these charges. It's important to address the late filing promptly to minimise the financial impact.

jaya

jaya (Querist)
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12 January 2023 Hi,

i have missed the Q2 TDS return of FY 22-23...i know there will be huge penalties on late filing...can i shift all the data to 3rd qtr to avoid this or can i file return with nil first and then rectify it later (in this case will there be any penalty if we revise?)

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
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20 January 2023 Yes, 200/d upto tax amount. you are asking sticky question !!

Sowmya.G

Sowmya.G (Expert)
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07 January 2025 Hi TDS late fees is Rs 200 per day but restricted to the amount of TDS filed in the return. Nil return cannot be filed and then revised.

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