my claint received penality notice for delay filled tds return, actually the payment made on 31.12.13 and tds paid 19.01.2014 and tds return filled 1.03.2014
how to withdraw penality notice
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Penalty on tds quarterly return
Replies (3)
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
Dear satish in your case just pay off the penalty amount as the default is actual. Pay the penalty amount in time specified in notice. Regards
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