Possible defence for new company for Late filing fees imposed by TRACES
This query is : Resolved
29 July 2022
A private limited company was incorporated in middle of FY 2021-22.
Due to non availability of account staff along with fund crunch, whatever TDS was payable for Qtr 2, Qtr 3 and Qtr 4 of FY 2021-22 was paid on 29-04-2022 and TDS Return was filed on 25-07-2022.
Obviously company got emai from TRACES for default u/s 234E to pay late filing fee.
Has anyone here experienced the same? How to respond effectively?
Due to non availability of account staff along with fund crunch, whatever TDS was payable for Qtr 2, Qtr 3 and Qtr 4 of FY 2021-22 was paid on 29-04-2022 and TDS Return was filed on 25-07-2022.
Obviously company got emai from TRACES for default u/s 234E to pay late filing fee.
Has anyone here experienced the same? How to respond effectively?
29 July 2022
The demand from TRACES is legitimate.
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