PENALTY AMOUNT FOR NON-FILING OF TCS RETURN FOR THE Q2

RAKESH MEHRA (Querist) 19 December 2009 This query is : Resolved
SIR,

I HAVE PROPERITORSHIP CONCERN.
AND RETURN FORM THE Q2(JULY TO SEP 09) IS NOT FILLED. WHAT IS THE PENALTY AMOUNT FOR NON-FILING OF TCS RETURN(Q2).

AND TILL THEN TCS NOT DEPOSIT IN GOVT DEPTT.

PENALTY AMOUNT IS TO BE FILLED IN CHLLAN 281 OR OTHER AWAY

PLZ REPLY..................../

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A V Vishal (Expert) 19 December 2009
Penalty for Non filing or filing of belated Return :

U/s 272A(2) of Income Tax Act, Penalty of Rs.100 for every day during which failure continues, provided that the amount of penalty shall not exceed by the amount of tax deductible or collectable, as the case may be.

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