02 August 2013
Sir, I have filled my TDS returns 1 month delay so department has raise penalty u/s 234E for late filling of TDS return @ 200/- per day.
what can I do? If there is any provision to file appeal? Please help me.
02 August 2013
You will have to pay the amount. It is clearly mentioned in the TRACES website that "Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived".