Fees and Penalty for Late Filing of TDS Returns

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Fees and Penalty for Late Filing of TDS Returns are as follows:

Section 234E-Levy of Fees 

  • Failure to submit TDS return on time will result in fees on the deductor.
  • If you delay or forget to file your TDS return, fees of Rs. 200 per day will be levied on the deductor, as long as TDS return is not filed.
  • The levied amount of fee is not supposed to exceed the TDS deductibles.
  • Prior to TDS filing such fee should be paid and it should be reflected in the TDS return.

Section 271H-Penalty

  • Deductor has to pay a penalty ranging from minimum of Rs. 10,000/- to One Lac rupees,
    • If deductor exceeds one year time limit to File TDS Statement.
    • If deductor furnishes incorrect details like PAN, TDS Amount, Payment of Challan etc.
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One thought on “Fees and Penalty for Late Filing of TDS Returns

  1. jjjj

    Penalty of Rs 200 per day will be imposed but this penalty will be counted from which date? from date of installment given to builder or from 7th of next month of installment paid to the builder. pls clarify.

    Reply

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