Fees for Late Filing of TDS Returns

Ask the Community Income Tax
,
1

Hi All,

What are the details of fees for late filing of TDS returns? Is there a reference document?

Thanks.

3 Likes
2

1.If TDS not deposited – 1.5% per month, from actual date of deduction to actual date of payment

2.Late Filing Fees – under section 234E, a fine of Rs. 200 per day is to be paid until the return is filed. This amount has to be paid for each day until total fine becomes equal to the TDS amount.

3.The penalty under 271H – In addition to fees to be paid under 234E, AO may charge the penalty
of minimum Rs. 10,000 and maximum Rs. 1,00,000.

3 Likes
3

As per section 234E, where a person fails to file the TDS /TCS return on or before the due date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for every day during which the failure continues. The amount of late fees shall not exceed the amount of TDS .

2 Likes
4

Hi @Sandeep_G

200 INR is the fine amount for everyday crossed post the due date until the Returns are filed.

Usually this fine not to exceed the TDS amount :slight_smile:

1 Like