Is late filing fees u/s 234e is mandatory

Save Share

This query is : Resolved

CA . Praveen K M (Querist)
Follow

04 October 2013 I Want to know is late filing fees mandatory (Tax deducted at source) . can the late filing fees be waived off by the assessing officer

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

04 October 2013 Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived.

CA . Praveen K M

CA . Praveen K M (Querist)
Follow

04 October 2013 Any relaxation or reduction of penalty is possible ?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

04 October 2013 Not sure if any reduction is possible. The penalty is Rs 200 per day subject to Maximum of TDS amount involved.

@VaibhavJ

@VaibhavJ (Expert)
Follow

04 October 2013 Agree with Expert!

Also ensure selection of proper Head while payment of penalty so that you dont receive notice of non receipt of amount.

Thanks//VaibhavJ

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!