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Penalty for late filling of tds return
Hello Professionals,
There is a penalty of rs. 200 per day for late filling of TDS Returns, max upto the amount of TDS in the concerned return.
My query is, is the amount of penalty a discretionary in nature i.e. can the opportunity of being heared be offered to assessee and the amount of penalty can be reduced or not.
please share your thought.
thanking you.
Replies (1)
Hello, friend ..
As per section 234E you have to deposit late fee(Rs 200/day) in advance before filing return. but at so many TDS centers they accept return without depositing penality, and latter department issue notice.
There is no opportunity to be heared.
Thanks
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