As per Section 234E where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues.
File e-TDS return(24q,26q,27q) for 4th quarter for Financial year 2012-13 by 15th May,2013 to avoid penalties
The fourth quarter of financial year 2012-13 has come to an end .Therefore, it is the time for all corporate and government deductors to file their eTDS returns.The last date to file the returns for fourth quarter of F.Y. 2012-13 is 15th May 2013.If you miss the date then you have to pay heavy penalty and have to a fees for late filing also.
Branch Manager, UCO Bank Vs. ACIT (ITAT Cuttack)The Assessing Officer imposed penalty under section 272A(2)(k) for delay in filing the TDS return under section 200(3). The assessee’s argument that the delay was due to a shortage of staff was rejected on the ground that the same was not reasonable cause. The CIT(A) confirmed the penalty.
tax 'N' accounts people
Tarun Kumar Gupta
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