Consequences for non filling of tds return

will you please tell me the consequences for non filling of tds return for AY 2012-13 where as we had already paid the tds through 281 challan 

Replies (3)

Mere to deposit TDS amount in treasury but to upload eTDS return at tin facilition centre is must

1. Penalty u/s. 272A (2) (k) of the Act.

 

  • Reason: - for late-filing of TDS returns.

 

  • Amount: - 1. Minimum: - Rs 100 per day till the default continues

                    2. Maximum: - amount of TDS deductible.

 

  • No Penalty: - for reasonable cause.

 

  • No penalty will be charged under this section if return pertains to period for the TDS and TCS to be deducted or collected on or after 1.07.2012.

 

2. Fee U/s 234E.

 

  • Reason: - for late-filing of TDS returns.

 

  • Amount: - 1. Minimum: - Rs 200 per day till the default continues

                    2. Maximum: - amount of TDS deductible.

 

  • Penalty under this section will be charged if return pertains to period for the TDS and TCS to be deducted or collected on or after 1.07.2012.

 

3. Penalty u/s. 271H.

 

  • Reason: - for late-filing of TDS returns beyond One year from the original due date.

 

  • Amount: - 1. Minimum: - Rs 10,000.

                    2. Maximum: - Rs 1, 00,000.

 

  • Penalty under this section will be charged if return pertains to period for the TDS and TCS to be deducted or collected on or after 1.07.2012.

To know all the consequences regarding Non compliance with tds provision read the artice at below link:-

 

/articles/10-consequences-of-non-compliance-with-tds-provisions-15423.asp#.UOEtz1JK31U

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