*Fees and Penalty for Late Filing of TDS Returns are as follows:*
*Section 234E – Levy of Fees *
- 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.
*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.