Is interest u/s 220(2) applicable on u/s 234e as late file

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Neha Agarwal (Querist)
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25 February 2015 I have demand of Rs|:- 9600 u/s 234E want to deposit but confused a bit, interest u/s 220(2) for late deposition from the date of order to the date of tds deposition. I want to know interest u/s 220(2) @ 1.50% is applicable on section 234E which is Rs 200 per day for late filling of Tds return from its due date of filling.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)
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25 February 2015 No interest is applicable only on late deposit of tax deposited after deducting. Section 234E is in the nature of penalty and it is itself is continuing penalty @ 200/- per day therefore no interest is applicable on penalty (late fees) u/s 234E.

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