09 December 2013
I have received a notice for late filing of TDS return. They had charged me penalty of 100% TDS deposited u/s 234E ( Rs. 24714 as i am late by 248 days which cost me 248*100= 24,800/-)
Can I do any appeal regarding my this OR Is there any other way that I have to pay less, what is demanded in the notice?
09 December 2013
Late filing fee is Rs 200 per day and no Rs 100 per day. This is a statutory penalty and can not be waived. This is clearly mentioned in TRACES website.
CAclubindia
