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Head Automation & Dev Ops at Thomson Reuters
Bankok169 Restaurant Chain
Director-CR, ICFAI Business School
Oregon Health & Science University, USA
Anuradha Timbers International
A comprehensive list of frequently asked questions on TDS Returns On Other Payments.
It is to be submitted for tax deduction at source for all the payments received other than the salary.
If TDS / TCS statement is not filed for one year from the due date of filing, there would be a penalty of minimum Rs. 10,000.00 to Rs. 1,00,000.00 for not filing TDS / TCS statement under section 271H.
There will be a levy of Rs. 200.00 per day under section 234E, from the due date till the date when statement is filed.