Sub section 4 of Sec 234E inserted by Finance Act 2012
The provisions of this section shall apply to a statement referred to in
1.sub-section (3) of section 200 (i.e.TDS) or
2. the proviso to sub-section (3) of section 206C(i.e.TCS)
-which(Stmt.) is to be delivered or caused to be delivered for TDS or TCS (deducted)
-on or after the 1st day of July, 2012.".
Applying above, 01.07.2012 date is for TDS / TCS,not for date of filling of Qtrly.Stmt. of return of TDS/TCS.
Therefore Section 234 E is applicable on Qtrly Stmt. of TDS/TCS deducted on or after 01.07.2012(i.e II Qtr. of F.Y.2012-13)
Hence no penalty is leviable u/s 234E in above case.
Total thanks : 1 times