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| DDOs directed to file electronic TDS/TCS statement | | Penalty of Rs 200 per day to be imposed after due date | | Arun Singh
Jammu, Feb 1: Taking strong exception of the delay in practice of filing Tax Deduction at Source (TDS) and Tax Collection at Source (TCS) statements by the employees, government has fixed the responsibly Drawing and Disbursing Officers (DDOs) of all departments to ensure the electronic filing of TDS/TCS statements quarterly at prescribed dates.
The step was taken by the government after it was noticed that most of the DDOs are not following the provisions of the Income Tax Act, 1961 and therefore the timelines mentioned above are not being adhered to.
It was further said that non filing of quarterly e-TDS/TCS statements on the prescribed dates which are first quarter from April to June the due date has been fixed on July 31, second quarter (July-Sept) on July Oct 31, for third quarter (Oct-Dec) on Jan 31 and the fourth quarter (Jan-Mar) on May 15 for late fee of Rs.200 per day. Besides, the DDO is liable for penalty under Sec 271H of the IT Act. The late filing fee and penalty will be the personal liability of the DDOs.
As per Income tax provision, if a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of Rs 200 for every day during which the failure continues.
According to Sec 271H the penalty for failure to furnish statements, etc said that without prejudice to the provisions of the Act, a person shall be liable to pay penalty, if he fails to deliver or cause to be delivered a statement within the time prescribed in sub section (3) of section 200 or the proviso to sub-section (3) of section 206C.
The penalty referred to in sub-section (1) shall be a sum which shall not be less than Rs 10 thousand but which may exceed to Rs 1 lakh. Accordingly, all the Drawing and Disbursing Officers responsible for deduction/collection of tax at source, to electronically file their TDS/TCS statements by the due date to avoid imposition of late fee and penalty under the Income Tax Act. |
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