Late fee for late tds return filing- when payable?

You are right .........It is very important to file TDS returns on time because late filing can result in paying late filing fees according to Section 234E

File eTDS Statement in time or pay late filing fees ( Section 234E)

From 1st July 2012, failure to submit eTDS statement in time will result in fees

• A mandatory fees of Rs. 200 per day is applicable for any delay in furnishing of eTDS statement.
•  Total fees will be limited to the amount of TDS deducted
• Such fees must be paid before filing of eTDS statement and shown appropriately therein.

Penalty for late filing or incorrect filing ( Section 271H)

Effective July 1, 2012

• A delay beyond one year will result in penalty ranging from Rs. 10,000 to 1 lac.

• Failure to file eTDS statement or filing incorrect details like PAN, challan details, TDS amount will also result in penalty being levied ranging from Rs. 10,000 to 1 lac 

Therefore, file your TDS returns properly and on time to avoid penalty for late filing of TDS returns.

TDS/TCS Compliances for 3rd Quarter of F.Y. 2012-13

• Last date for payment of tax deductions/collections for December 2012 - 7th January,  2013
• Last date of filing of TDS/TCS returns for Q3 of F.Y. 2012-13 - 15th January, 2013
• Last date for issuance of the TDS/TCS certificates for Q3 - 30th January, 2013

You can  use TDSMAN software for filing TDS and TCS returns as per TIN Nsdl format. This TDS software enables eTDS & eTCS return generation of all types of forms - 24Q, 26Q, 27Q, 27EQ & also prints TDS certificate - form 16, form 16A.

Moreover, it has been rated no.1 as per NSDL data as acceptance of Correction Returns.

You can download the free trial of TDSMAN software from https://www.tdsman.com/Trial-Form.aspx

You can even watch the video demo of TDSMAN software from https://www.tdsman.com/Product-Demo.aspx

yes, assessee has to pay late fee and file tds return..... may be they are going liberal. but its better to pay n file to avoid future headaches

Dear Nanda Kumar

u/s 234E we have to pay late fee (Rs. 200/- per day) for late filing TDS returns.

It is applicable from the F.Y. 2012-13.

No chance for escape for late fee, because it is impossible filing the TDS returns without paying late fee.

Dear Nandan,

As Shankar has pointed out, there is no possibility of filing tds returns late without paying requisite penalty.

You may refer to Section 234E(3) -

The amount of fee referred to in sub-section (1) shall be paid before delivering or causing to be delivered a statement in accordance with sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C.

dear plz advise ..in which challan and in whose favour cheque would be drawn for the late fee payment

From 1st July 2012, failure to submit eTDS statement in time will result in fees

• A mandatory fees of Rs. 200 per day is applicable for any delay in furnishing of eTDS statement.
•  Total fees will be limited to the amount of TDS deducted.
   
• If i have to file tds return for Q-2 ended 30th Sept.2012 now today which having nil TDS return then , As per provision Total Fees will be limited to amount of TDS here tds is nil hence i can file tds return for Q-2 as above without paying late fee ?