{"id":21028,"date":"2020-12-03T14:59:51","date_gmt":"2020-12-03T09:29:51","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=21028"},"modified":"2020-12-03T14:59:52","modified_gmt":"2020-12-03T09:29:52","slug":"tds-penalty-and-late-filing-fees-for-tax-deduction-at-source","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/tds-penalty-and-late-filing-fees-for-tax-deduction-at-source\/","title":{"rendered":"TDS Penalty and Late Filing Fees for Tax Deduction at Source"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Every assesses whose has to deduct TDS requires filing TDS return. These returns must be filed after particular intervals of time, and information has to be submitted to income tax authorities including TAN (Tax Deduction &amp; Collection Account Number), amount deducted, TDS payment, Permanent Account Number (PAN), kind of payment, etc. There are late filing fees for delayed filing of <a href=\"https:\/\/corpbiz.io\/tds-return-filing\"><strong>TDS returns<\/strong><\/a> so it is important to know the exact due dates otherwise one has to deal with TDS penalty.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/tds-penalty-and-late-filing-fees-for-tax-deduction-at-source\/#Duties_of_the_Person_Liable_to_Deduct_and_Collect_Tax_at_Source\" >Duties of the Person Liable to Deduct and Collect Tax at Source<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/tds-penalty-and-late-filing-fees-for-tax-deduction-at-source\/#Comply_with_Due_Dates_for_Filing_of_TDSTCS_Return\" >Comply with Due Dates for Filing of TDS\/TCS Return<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/tds-penalty-and-late-filing-fees-for-tax-deduction-at-source\/#Late_filing_fees_Under_Section_234E\" >Late filing fees Under Section 234E<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/tds-penalty-and-late-filing-fees-for-tax-deduction-at-source\/#Penalty_under_section_271H\" >Penalty under section 271H<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/tds-penalty-and-late-filing-fees-for-tax-deduction-at-source\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Duties_of_the_Person_Liable_to_Deduct_and_Collect_Tax_at_Source\"><\/span>Duties of the Person Liable to Deduct and Collect Tax at Source<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/image-1-1024x768.png\" alt=\"Person Liable to Deduct and Collect Tax at Source\" class=\"wp-image-21029\" width=\"541\" height=\"406\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/image-1-1024x768.png 1024w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/image-1-300x225.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/image-1-768x576.png 768w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/12\/image-1.png 1200w\" sizes=\"(max-width: 541px) 100vw, 541px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comply_with_Due_Dates_for_Filing_of_TDSTCS_Return\"><\/span>Comply with Due Dates for Filing of TDS\/TCS Return<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><em><strong>Due dates for filing of the TDS\/TCS return for different quarters of Financial Year 2019- 20 are as given below:-<\/strong><\/em><\/p>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong><em>Quarter ending <\/em><\/strong>\n  <\/td><td>\n  <strong><em>Due date for\n  filing of the TDS<\/em><\/strong>\n  <strong><em>return (Both for\n  Government and other Deductor)<\/em><\/strong>\n  <strong><em>&nbsp;<\/em><\/strong>\n  <\/td><td>\n  <strong><em>Due date for\n  filing of TCS return<\/em><\/strong>\n  <strong><em>&nbsp;<\/em><\/strong>\n  <\/td><\/tr><tr><td>\n  30 June 2020\n  <\/td><td>\n  31 July 2020\n  <\/td><td>\n  15 July 2020\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  30 September 2020\n  <\/td><td>\n  31 October 2020\n  <\/td><td>\n  15 October 2020\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  31 December 2020\n  <\/td><td>\n  31 January 2021\n  <\/td><td>\n  15 January 2021\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  31 March 2021\n  <\/td><td>\n  31 May 2021 \n  &nbsp;\n  <\/td><td>\n  15 May 2021\n  &nbsp;\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>The person who fails to file TDS\/TCS return or does not file TDS\/TCS return by due dates specified in this regard has to pay the late filing fees as given under <strong><em>section 234E<\/em><\/strong>. Apart from late filing fees he will be liable to pay the penalty under <strong><em>section 271H<\/em><\/strong>. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/procedure-and-due-dates-of-filing-tds\/\">TDS Returns Filing: Due Dates and Procedure for Filing<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Late_filing_fees_Under_Section_234E\"><\/span>Late filing fees Under Section 234E<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to <strong><em>section 234E<\/em><\/strong>, when the person fails\nto file TDS\/TCS return on or before due date specified then he will be liable\nto pay the late fee of a sum of Rs. 200 for every day during which a failure\ncontinues. An amount of late fees must not exceed the amount of TDS. The\nTDS\/TCS return cannot be filed without paying of late filing fees. In other\nwords, a late filing fees has to be deposited before filing a TDS return. It\nmust be noted a sum of Rs. 200 paid per day is not penalty but it is a late\nfiling fee.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Penalty_under_section_271H\"><\/span>Penalty under section 271H<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to <strong><em>section 271H<\/em><\/strong>, when the person fails\nto file a statement of tax deducted and collect at source i.e. TDS\/TCS return\non or before due dates specified in then assessing officer can direct such\nperson to pay penalty under section 271H. A minimum penalty can be levied of\nRs. 10,000 which can extend upto Rs. 1,00,000. The penalty under section 271H\nshall be in addition to the late filing fees i.e. prescribed under <strong><em>section\n234E<\/em><\/strong>. <\/p>\n\n\n\n<p>Also apart from a delay in filing of TDS\/TCS return, section\n271H also covers cases of a filing incorrect TDS\/TCS return. The penalty under\nsection 271H must also be levied if a deductor\/collector files an incorrect TDS\/TCS\nreturn. The minimum penalty of Rs. 10,000 which maximum can extend upto Rs. 1,\n00,000 can be levied in case a deductor\/collector files an incorrect TDS\/TCS\nreturn.<\/p>\n\n\n\n<p>The penalty will<strong><em> NOT be levied <\/em><\/strong>under section 271H\nfor a failure to file TDS\/TCS return, <strong><em>if a person proves that he had filed the TDS\nreturn and TCS return before a expiry period of one year from the due date of\nfiling <\/em><\/strong>along with a late filing fee and interest to the Central\nGovernment. No penalty will be levied under section 271H in case of delay in\nfiling TDS\/TCS return if conditions mentioned below are satisfied:<\/p>\n\n\n\n<ul><li>The tax deducted and collected at source is paid\nto a credit of Government.<\/li><li>The Late filing fees and interest is paid to a\ncredit of Government.<\/li><li>The TDS\/TCD return is filed before an expiry of\na period of one year from a due date specified in this behalf.<\/li><\/ul>\n\n\n\n<p>It has to be noted that the relaxation is applicable only if\npenalty levied under section 271H for delay in filing the TDS return and TCS return\nand not in case of filing of incorrect TDS\/TCS statement.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Relief from Penalty u\/s 271H that a Taxpayer can avail<\/h3>\n\n\n\n<ul><li>Under <strong><em>section 273A (4)<\/em><\/strong>, a Principal Commissioner of Income-tax or Commissioner of Income-tax has a power to waive or reduce any penalty levied under <strong><em>Income Tax Act<\/em><\/strong><sup><a href=\"https:\/\/www.incometaxindia.gov.in\/pages\/acts\/income-tax-act.aspx\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>. The penalty can be waived and reduced by the Commissioner of Income-tax if the conditions specified in section 273A (4) are satisfied.<\/li><li>Other than section 273A (4), the <strong><em>section 273B<\/em><\/strong> gives an immunity from penalty in genuine cases. According to section 273B, penalty under <strong><em>section 271H<\/em><\/strong> will not be levied if the taxpayer proves that there was the reasonable cause for failure.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>On failing to file TDS returns within the due date it will be subject to the late filing fees and beyond that the person will be liable to pay the TDS penalty. The fee will be charged for every day after a due date, until the date on TDS return is filed. However, the maximum penalty that required to be paid must not increase the TDS amount liability. The <a href=\"https:\/\/corpbiz.io\/\"><strong>Corpbiz<\/strong><\/a> provides assistance related to filing of the tax returns. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/benefits-of-tds-return-filing-in-india\/\">All about Benefits of TDS Return Filing in India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Every assesses whose has to deduct TDS requires filing TDS return. These returns must be filed after particular intervals of time, and information has to be submitted to income tax authorities including TAN (Tax Deduction &amp; Collection Account Number), amount deducted, TDS payment, Permanent Account Number (PAN), kind of payment, etc. There are late filing [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":21032,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[237],"tags":[1277],"acf":{"service_id":"51"},"authorName":"Soumya Bajpai","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/01\/0.jpg","authorDescription":"Soumya has done LLB (Hons) and has a 2+years experience in writing. Her main interest is in reading judgments, new enactments and amendments taking around in law. She always strives to bring the best to work that she does.","postViews":8103,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/21028"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=21028"}],"version-history":[{"count":6,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/21028\/revisions"}],"predecessor-version":[{"id":21038,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/21028\/revisions\/21038"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/21032"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=21028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=21028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=21028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}