What is the due date for filing TDS returns?
Due dates for filing TDS returns:
- Apr-Jun : July 31
- Jul-Sep : Oct 31
- Oct-Dec : Jan 31
- Jan-Mar : May 31
What is the time limit to deposit TDS?
Deductor Due date of depositing tax deducted
- (Apr-Feb) Government/Other deductor : 7th of the succeeding month
- (Mar) Government: April 7
- (Mar) Other deductor: April 30
What is the interest for delay in payment/deduction in TDS?
Interest will be levied at 1% for every month or part of a month for
delay in deduction of tax and at 1.5% for every month or part of a month for delay in remittance of
tax after deduction.
What is the late fee on TDS return filing?
Where a person fails to file the TDS return on or before the due
date prescribed in this regard, then he shall be liable to pay, by way of fee, a sum of Rs. 200 for
each day during which the failure continues.
What is the penalty for filing incorrect/non filing TDS return?
Minimum penalty of Rs. 10,000 and maximum penalty of up to Rs.
1,00,000 can be levied, if the deductor/collector does not file a TDS/TCS return or files an incorrect
TDS/TCS return.
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