Understanding TDS Return Non-Filing Penalties in India

Learn about the penalties for not filing TDS returns, including daily fees and potential fines.

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Penalty for non-filing TDS returns includes a mandatory late fee of ₹200 per day until the return is filed, subject to a maximum penalty of the TDS amount. Additionally, the Assessing Officer may levy a fine ranging from ₹10,000 to ₹1 lakh for continued non-compliance. To avoid these penalties, ensure that TDS returns are filed timely.

FAQs & Answers

  1. What happens if I don't file my TDS return? If you fail to file your TDS return, you will incur a late fee of ₹200 per day until the return is submitted, with a maximum penalty equal to the amount of TDS due. Additionally, further fines can be levied by the Assessing Officer.
  2. How can I avoid penalties for late filing of TDS returns? To avoid penalties, ensure timely filing of your TDS returns by keeping track of deadlines and preparing your returns in advance.
  3. What is the maximum fine for non-compliance in TDS filing? The maximum fine for continued non-compliance in TDS filing can range from ₹10,000 to ₹1 lakh based on the discretion of the Assessing Officer.
  4. Is there any way to rectify a late TDS return filing? Yes, you can rectify a late TDS return by filing the return as soon as possible; however, you will still be liable for any applicable penalties.

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