31st October is the last date for filing TDS Returns for FY:17-18, Quarter 2. File on time and avoid unwarranted penalties and default notice.
With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.
• Failure to submit e-TDS Statement on time will result in fees on the deductor.
• If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.