Tds new provision

This penalty is for not filing TDS return in time

Failure to file TDS return

Rs 200 per day Limited to amount of TDS (Sec 234E)

Agree with Mr. Manish.

Interest of Rs. 200 per day of such failure to file the returns to till the date of actual date of filing returns. However, this Interest amount cannot be more than Actual TDS Remittance of respective quarter. This is made effective from 1/7/2012 along with Penalty u/s 271H.

Correct me if I am wrong.

Originally posted by : Harish
	Agree with Mr. Manish. Interest of Rs. 200 per day of such failure to file the returns to till the date of actual date of filing returns. However, this Interest amount cannot be more than Actual TDS Remittance of respective quarter. This is made effective from 1/7/2012 along with Penalty u/s 271H. Correct me if I am wrong.

"penalty" instead of "Interest".