Just want to know is there a way out to settle penalty for late filing of TDS returns of ₹ 50,000. Can assessing officer waive or settle out of office or some other way?
30 June 2013
Once the notice issued and comes out of the office, AO will not settle the issue out of office. . Entertaining any such request in office is also not in the jurisdiction of the AO looking to the compulsory nature of penalty. .
CAclubindia
