How much is late fees for TDS nil return ?

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TAX CONSULTANT
21 Points Posted on 17 March 2020

How Much is the Late Fees for Nil TDS return

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On 17 March 2020 at 12:42 Report
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Filing a nil TDS return generally means there should be no late filing fees. While a penalty of Rs. 200 per day applies for late TDS filings, this is capped at the amount of TDS deductible. Therefore, if no tax was deductible, the late fee should amount to zero.

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Chartered Accountant
12739 Points Posted on 17 March 2020

Rs. 200 per day for the period default continues but restricted to amount of tax deductible . 

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On 17 March 2020 at 13:38
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Consultant
1891 Points Posted on 17 March 2020

Rs. 200 per day till the failure continues upto maximum of the amount of TDS in the return. 

In case of nil return, there should not be any late filing fee  

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On 17 March 2020 at 14:20

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