We all are well known about TDS Quarter Return. Annually 4 Quarters are filed by TDS Deductor i.e. April-June (1st Quarter), July-September (2nd Quarter), October-December (3rd Quarter) and January-March (4th Quarter). Now, the time is 2nd Quarter filing of return i.e. July-September on or before 31st October because the last date of 2nd Quarter for filing for Fin. Year 2017-18. File on time and avoid unwarranted penalties and default notice.
With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.
- 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
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