Due date for filing of TDS/TCS returns for Quarter 2 of FY:2014-15 is 15th October 2014.
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 etds filing, such fee should be paid and it should be reflected in the TDS Statement.
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