Late fee and Penalty for TDS return filed after due date

 

Now, as per the amendments in Finance Act 2012, w.e.f 01-Jul-2012 section 272A is substituted by Section 271H and a new section 234E has been inserted. 

(As per old section 272A of the Income tax Act, if the TDS return is not filed within due date, penalty is charged @ Rs. 100/- per day till the return is filed.)

Section	Section 234E - Fee	Section 271H - Penalty
W.e.f.	01-Jul-12	01-Jul-12
When leviable	If the TDS return is not filed within due date	If incorrect information is furnished in return or if return is not filed within one year from the due date
Minimum	Rs. 200 per day till the return is filed	10,000/-
Maximum	TDS amount

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