Tds provisons in budget 2012

Previously, only there was fees of Rs. 100 per day for filinf TDS Return after due date 

This limit has been increased to Rs. 200 per day provided such fees should not exceed the TDS amount in respect of which return is going to be filed.

This time a penalty of minimum Rs. 10,000 has also been prescribed , which can be extended to rs. 1,00,000, if the return is not filed within due date. An exception (or relief) is provided to deductor in this regard, if two conditions are satisfied -

1. TDS return was filed within 1 year from due date of filing and
2. Appropriate interest and fees for such delay filing, were also paid by the deductor.