{"id":22144,"date":"2020-12-01T05:27:59","date_gmt":"2020-12-01T05:27:59","guid":{"rendered":"https:\/\/www.legalraasta.com\/blog\/?p=22144"},"modified":"2026-04-07T17:16:37","modified_gmt":"2026-04-07T11:46:37","slug":"tds-penalty-late-payment","status":"publish","type":"post","link":"https:\/\/www.legalraasta.com\/blog\/tds-penalty-late-payment\/","title":{"rendered":"Details On TDS Penalty And Interest For Late Payment"},"content":{"rendered":"

The TDS (Tax Deducted at Source) penalty for late filing of TDS Return<\/a> is a fine of Rs. 200 per day under Section 234E. Tax Deducted at Source also known as TDS was introduced with the aim of collecting tax from the very source of income. According to the concept of tax deducted at source, the deductor is the person who responsible for making a payment of a specific nature to someone else, called deductee, has to deduct the tax at source and remit the concerned mount in the account of the Central Government.<\/span><\/p>\n

The credit of the particular deducted amount will be calculated on the basis of Form 26AS or TDS certificate issued by the deductor. And this amount will be given to the deductee, from whose income tax has been deducted at source. The concerning provision of the Act or the First Schedule to the Finance Act mentioned the rates that are specified for the tax deduction. The tax rates that are specified under the Double Taxation Avoidance Agreements shall also be considered in the case of non-resident persons.<\/span><\/p>\n

\n
\n

Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n