e-TDS Return Due Dates of Quarter-III
Central Board for Direct Taxes (CBDT) says that the TDS is a part of Revenue managed by Indian Revenue Services (IRS), Ministry of Finance, Govt. of India. TDS is also a mode of collecting of Income Tax from Taxpayee/Salaried Employee (Taxpayee) or any other Assessee in India. TDS is deducted under Income Tax Act, 1961. In simple terms, TDS is the amount of tax getting deducted from the person (Employee / Deductee) by the person paying (Employer/Deductor).
After deduction of TDS from deductee, a very important part is to file e-TDS Return quarterly. TDS Deductor submit 2 TDS Quarter before this month and for 3rd Quarter last date of e-TDS Return is 15th Jan., 2013.
Penalties regarding delay of filing return and incorrect Statement:
Delay of Filing of Return:
Central Board for Direct Taxes (CBDT) says that the TDS is a part of Revenue managed by Indian Revenue Services (IRS), Ministry of Finance, Govt. of India. TDS is also a mode of collecting of Income Tax from Taxpayee/Salaried Employee (Taxpayee) or any other Assessee in India. TDS is deducted under Income Tax Act, 1961. In simple terms, TDS is the amount of tax getting deducted from the person (Employee / Deductee) by the person paying (Employer/Deductor).
After deduction of TDS from deductee, a very important part is to file e-TDS Return quarterly. TDS Deductor submit 2 TDS Quarter before this month and for 3rd Quarter last date of e-TDS Return is 15th Jan., 2013.
Penalties regarding delay of filing return and incorrect Statement:
Delay of Filing of Return:
- Mendatory Fees @ Rs. 200/- per day Sec. 234E
- Penalty upto Rs. 1 Lac if delay beyond one year u/s. 271H.
Incorrect Statement:
- Incorrect details like PAN, TDS Amount, Challan etc. Penalty upto Rs. 1 Lac u/s. 271H.
