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TIME LIMIT FOR ISSUE OF TDS CERTIFICATE

TDS / TCS 2603 views 3 replies

what is the time limit for issue of TDS certificate for the Previous Year ended on 31.03.2008 ??

What are the penal provisions if the time limit is not complied with ??

 

Replies (3)

U/s. 193, 194, 195, 196 --- > One week from the expire of two months from the month in which income is so credited

U/s. 192 i.e., Salaries --- > One month from the closer of the financial year in which the deduction was made

in other case ----> One month from the end of the month during which the credit has been given or sum s have been paid

The penalty is Rs. 100/- Per Month U/s.272 & 273B

with in one week from the end of two months in whic tax was deducted thereof

penality is 100 per day till continuing the failure to fill the return. but total penality should not exceeds the original libility iof tds amount.

Penalty is Rs. 100 Per Month not per day,  The penalty should not exceed the original amount for others case but not for TDS Certificate.

Please Clearify.


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