Income tax not updated in traces

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2014 Sir,

I am working as Accountant in Govt Deptt.

My querries is that we could not file some of the quarter of tds in nsdl.while tax is already deducted through salary of officers.

NOW the Income Tax sent us a penality for late filing. What is the solution to reduce or waive off penality for not updating tds in nsdl.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 January 2014 as such penalty under 234E cannot be waived off. So you need to pay it unless you can plead for waiver under 119(2) but only if you are really faced with financial hardship. otherwise, no point in wasting time. Just pay off the penalty amount.

Querist : Anonymous

Querist : Anonymous (Querist)

03 January 2014 Thanks You Expert for quick reply. good wishes

Nikhil Kaushik

Nikhil Kaushik (Expert)
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03 January 2014 you are welcome Ajay.

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