Non filing of tds return - 26q

max to max penalty fee is restricted upto the TDS amount

however, interest amount will also have to be paid......

Thanks Mr. Jacky . But interest what for. I have deducted and deposited as per due date but only mistake is non filing. So pls advice should we have to pay penalty as well as interest.

For my update of knowledge can you refere the Sec. or circular about this, pls sir.

ok then no interest but 

Fees and Penalty for Late Filing of TDS Returns are as follows:

Section 234E – Levy of Fees 

• Failure to submit TDS return on time will result in fees on the deductor.
• If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.

Section 271H – Penalty

• Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
  • If deductor exceeds one year time limit to File TDS return.
  • If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.

Refer below link:-

https://taxtoppers.com/income-tax/income-tax-fees-penalty-for-late-non-filing-of-tds-return

Thanks Mr. Jacky for helpful information.