TDS Returns Penalty
This query is : Resolved
B Vinay Reddy
(Querist)
27 March 2018
Govt School HM wants to file TDS Returns of FY 2015-16, 2016-17 now!!
Is there any way to AVOID Penalty,
As penalty will be very high 200 per day from 2015- till date.
VIJAY KUMAR
(Expert)
28 March 2018
No, penalty can not be waived u/s 234E, Courts held its constitutional validity also. But it is restricted to the tax amount, so do not just factor year 2015/2016, factor what is the liability, it will limited to the tax laibility.
B Vinay Reddy
(Querist)
28 March 2018
Tax Liability is around 75,000 in 2015 and around 1,00,000 in 2016
13 May 2018
There is no option for filing the return without payment of late fees.
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