Is late filing fees u/s 234e is mandatory
This query is : Resolved
CA . Praveen K M
(Querist)
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
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
(Querist)
04 October 2013
Any relaxation or reduction of penalty is possible ?
04 October 2013
Not sure if any reduction is possible. The penalty is Rs 200 per day subject to Maximum of TDS amount involved.
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
Also ensure selection of proper Head while payment of penalty so that you dont receive notice of non receipt of amount.
Thanks//VaibhavJ
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