TDS Returns -Important Compliance Dates

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Last date of filing of TDS/TCS returns for Q1 of FY: 2014-15 – 15th July, 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 filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Click here for more details

Last date for issuance of TDS/TCS certificates for Q1 of FY: 2014-15 – 30th July, 2014 

The above is applicable for deductors other than the Office of the Government 

Delay in requesting certificates may involve a fine of Rs. 100 per day u/s 272(A)(g) subject to an upper limit of the tax deducted. Click here for more details

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