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Regrading fourth quarter Tds return for AY 2020-21

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ANIL KUMAR KHETAN

PROPRIETOR

362 Points Posted on 27 September 2021

What was due date of filing TDs Return for Interest . TDs deposit in month of August 2021 and TDs return file on 30 Sep. 2021 . What fine and interest , please advise.

Replies (3)

Quick Summary

This discussion clarifies the due dates for filing TDS returns, particularly for the fourth quarter of AY 2020-21. It explains that TDS deducted in August should be deposited by the 7th of the following month. TDS returns are filed quarterly within 15 days of the quarter's end. Late filing incurs a penalty of Rs 200 per day under Section 234E, capped at the TDS amount.

Rama chary Rachakonda

Master in Accounts & high court Advocate

7021 Points Posted on 27 September 2021

TDS deducted by the buyer should be deposited by challan for the TDS payment on or before the 7th of next month in which the TDS is deducted. ... TDS returns are filed quarterly within 15 days (next month of quarter end).

Under Section 234E, you will have to pay a fine of Rs 200 per day (two hundred) until your return is filed. You have to pay this for every day of delay until the fine amount is equal to the amount you are supposed to pay as TDS. ... The delay is 105 days counting 17th November