Penalty on tds quarterly return

U WRE SUPOSSED TO FILE YOUR RETURN ON 15TH JANUARY.

SINCE YOU HAVE DONE THIS ON 19TH JANUARY, PENALTY IS LEVIABLE.

MOREOVER INTEREST IS ALSO PAYABLE SINCE INITIALLY U HAVE NOT DEDUCTED THE TDS AND WHEN DEDUCTED THERE WAS DELAY IN DEPOSITING THE TDS FROM THE DUE DATE REQUIERED. HENCE YOU CANNOT WITHDRAW PENALTY.

PENALTY LEVIABLE FOR DELAY IN FILLING RETURN - 200 PER DAY FOR EVERYDAY OF DELAY CONTINUED OR THE AMOUNT OF TDS WHICHEVER IS LOWER. U/S 234E