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Penalty/late fees for late form 16A due to revised Return
Hi, If after filing TDS return before 31st Jan 21, we have revised the TDS payment with interest for the month of Dec 2020 and not filed revised return yet, then is there any late fees/Penalty for same? Due to pending revised return, not issued Form 16A to suppliers, then is there any penalty/Late fees for same. Regards Manasi
Replies (1)
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Late Filing Fee (Return): ₹200 per day (capped at the total TDS amount).
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Penalty for Late Issuance (Form 16A): ₹100 per day of delay (capped at the total TDS amount).
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Additional Risk: If there is a delay of over a year in filing the TDS return, you face a significant additional penalty under Section 271H (up to ₹1 lakh).
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