Tds late filing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 December 2014 I have paid interest to a non banking Company in 2013-14.But I don't have TAN during the period.Later for filing my IT I want to claim this expense,so I applied for TAN and i get my TAN on September 2014.Later I have filed my TDS return for the FY 2013-14 Quarter wise(paid the interest also for late payment).Then there is a notice received from the TDS Department to pay 200/day for Late filing of TDS Return. Actually i got my TAN only on September,paid the TDS and filed the return on that month too.Now what should i do to waive this penalty and avoid prosecution from the Department.

Neljo Davis ACA

Neljo Davis ACA (Expert)
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05 December 2014 Fee under section 234E is mandatory in nature and there is less chance to get waiver from the Department. Legal cases are going on against the levy of this fee, but final verdict has not been passed. In Separate cases Hon’ble Bombay, Odisha, Rajashthan, Kerala and Karnataka High Court has already stayed the Recovery Proceeding U/s. 234E of the Income Tax Act, 1961 till the final verdict in those cases.

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