What is late fee for TDS return?

Rs 200 per day
Late filing fee Under Section 234E, you will have to pay a fine of Rs 200 per day (two hundred) until your return is filed. You have to pay this for every day of delay until the fine amount is equal to the amount you are supposed to pay as TDS.

How can I file nil TDS return in traces?

Steps of Nil Return filing of TDS in a summary Step-1 Login to TRACES Deductor login with the User ID, Password and TAN of the deductor. Step-4 Then, give the reason for non-filing. Next, click on “Add Statement details”. Step-5 Acknowledge the declaration, NIL return will be successfully filed.

Can 234E fee be waived?

If the deductor is charged penalty amount u/s 234E then this penalty has to be paid to the Income Tax Department using Challan No. 281, and this penalty cannot be waived under any circumstance.

Can we revised nil return of TDS?

A new option has been opened at TDS CPC on TRACES in respect of Nil Returns. The deductor after logging into his account simply has to declare/update the record regarding Nil return in a particular quarter.

Is it mandatory to file nil TDS return?

Legally there is no need to file Quarterly TDS Return/ Statement where no tax has been deducted at source. NSDL is also of the view that it is not at all compulsory to file NIL return, if deductor has not deducted any tax at source or if there is no transaction at all for a particular period.

Is it mandatory to file nil it return?

Filing of a NIL income tax return is not mandatory if your total income is below the basic exemption limit as per the income tax act. But it is always recommended that you file an ITR if there is any source of income earned by you in a financial year.

How do I download a CSI nil file?

1. Step 1: Visit the TIN OLTAS website. Go to https://tin.tin.nsdl.com/oltas/ click on the TAN Based View Button.
2. Step 2: Enter your TAN Details and download the CSI File. Fill-in your TAN Number. Enter the appropriate start and end dates.

Is 234E appealable?

In absence of any such allegation that the A.O. has violated any of the provisions of Section 234E or Section 200A of the Act, the adjustment made by the A.O. on account of late filing fee U/s 234E of the Act cannot be deleted. Hence, Appeal filed by assessee dismissed.

How do I pay my taxes late fees?

As per Finance Act 2017, Late fees under section 234F can be paid by the way of “Self Assessment”—> “Others”, this penalty can be paid from FY 17-18 and onwards.

How do I file nil TDS return in Cleartax?

Step 1: Login to Cleartds.com, Add new deductor or work on existing previous deductor. Go to “Challans” (Master list of Challans). Step 2: You can add the Nil Challan by *Entering the last date of the quarter as the Challan date *Selecting the “Nil Challan” field Remember do not add TDS amount.