Tds late filing fees
This query is : Resolved
16 March 2014
Sir Ours is State Bank of Mysore . We have received late filing fees demand notice under 234E . 6th march CBDT issued a notification as the government companies are exempt from the late fees u/s 234e . Please let us know that whether can we claim this exemption ?
16 March 2014
Rama...the circular said govt departments are covered in it. I am not sure state bank or associates' employees are considered as govt employee. The tds returns of the bank (SBI and associates) are also not filed as govt deductors.
16 March 2014
How to claim this exemption for Govt Deductors sir ? First Grade Govt College deductor also got the notice u/s 234E
16 March 2014
Sir could you please let me know in what way we can produce the reason to avoide the penalty ? Because Bank is established newly therefore due to scarcity in staff and scarcity in TDS awareness it has happened .
16 March 2014
if the deductor (college) is the govt deductor, then follow the circular.
I believe State Bank of Mysore is old enough!!! plus there is no relief as on today for non-govt deductors...a case is going on challenging the validity of 234E. thats the only hope
I believe State Bank of Mysore is old enough!!! plus there is no relief as on today for non-govt deductors...a case is going on challenging the validity of 234E. thats the only hope
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16 March 2014
U say we should wait till the issue get clear . But now we must pay the demand created by CBDT ? Or else we can wait till the Issue gets clear, then can we pay the demand of penalty ?
16 March 2014
I said that the only hope...I didnt suggest that you should wait...if you dont pay the demand, department can initiate recovery proceedings
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16 March 2014
Ok sir Thanks for your valuable suggesstion .
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