234b
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 December 2013
Dear Sir,
1]What is the procedure to dropping out as penalty levied for default for late TDS filling statements u/s 234E.
2] what are the reasonable causes to get waive from levy of penalty.
1]What is the procedure to dropping out as penalty levied for default for late TDS filling statements u/s 234E.
2] what are the reasonable causes to get waive from levy of penalty.
30 December 2013
it is 234E for TDS. 234B is for default in payment of advance tax.
There is no provision for waiver of the 234E.
However, you can request for reduction/waiver of 234E by applying under Section 119
There is no provision for waiver of the 234E.
However, you can request for reduction/waiver of 234E by applying under Section 119
30 December 2013
Sec 119 may not be useful in this case of se 234E as its mandatory and cannot be waived in my view.
30 December 2013
tushar,
every penalty or interest can be waived off under 119 including 234A,B,C,E.
every penalty or interest can be waived off under 119 including 234A,B,C,E.
30 December 2013
Nikhil,
Sec 234E in my opinion is neither int nor penalty as they have used the word"Fees".
so i think it cannot be waived as its compensating in nature though but not int specifically as for sec 234A/B/C.
Sec 234E in my opinion is neither int nor penalty as they have used the word"Fees".
so i think it cannot be waived as its compensating in nature though but not int specifically as for sec 234A/B/C.
30 December 2013
doesn't matter. The nomenclature doesn't matter. 119 powers wide enough. even 234A/B/C are compensatory in nature!
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