It is to bring your kind notice that Income Tax department
introduced Late filing Fee U/s 234E of TDS/TCS return. Fee will be charged
Rs 200/- per day on late submission of TDS/TCS return & fee amount should
be deposited prior to submission of TDS/TCS return.
*Non-filing or Incorrect filing of TDS/TCS returns.* Penalty u/s 274H will
also be charged minimum amount of Rs. 10,000 and maximum amount of Rs.
1,00,000 for Non-filing or incorrect filing of TDS/TCS returns. This will
be with effect from July 1, 2012.
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