16 September 2014
ONE OF OUR ASSESSEE HAS PAID TRANSPOTATION CHARGES THAT IS FREIGHT & CARTAGE IN ASSESSMENT YEAR 14-15 AND OBTAINED PAN OF TRANSPOTERS BUT HE HAS NOT FILE ANY RETURN .HE HAS NOT TAKEN TAN.HE HAS NO OTHER ITEM ON WHICH TDS IS DEDUCTABLE U/S 271(H) THE PENALTY IN SUCH CASES APPEAR TO BE RS 10000 PER RETURN (PER QTR)OF NON FILLING OR NOT DISCLOSING OF PARTICULAR. IF TRANSPOTER IN CASE HE FILE THE NIL RETURN SHOWING THE TRANSPORT PAYMANT CLAIMING EXEMPTION THAT IS NIL TAX RETURNS AND ACCOURDING TO SECTION 234(E) THA FEE OF RS 200/- PER DAY IS RESTRICTED TO THE AMOUNT OF TAX PAYABLE.SINCE THERE IS NO TAX PAYABLE NO LATE FILLING FEE IS APPLICABLE.PLEASE ADVISE.
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