Tds penalty notice

Penalty for Late or Non-Filing of TDS return or Statement u/s 271H

A person shall be liable to pay penalty if –

• TDS statement has not been filed within the prescribed time limit, or
• Incorrect information has been furnished to be delivered.

Amount of Penalty

The penalty to be paid shall be a sum which should not be less than Rs. 10000 but can be extended to Rs. 100000.

Penalty will not be levied if the person proves that after paying tax deducted or collected along with the fees and interest, if any, to the credit of the Central Government, he had delivered or cause to be delivered the statement before the expiry of 1 year from the time prescribed for delivering or causing to be delivered such statement.