31 March 2016
Hi! My client received a rectification notice as under :- Interest : 186 Late filing fee Us 234E 4000 The default is on account of TDS on property transection.
Is there any way to reduce the liability? Is this amount to be paid immediately?
31 March 2016
Dear Mohit, the late filing fee of Rs 4000 has to be mandatory paid. Recent High court judgments have upheld the legal validity of this fees. The interest amount is not too high. So no way to reduce the liability.
CAclubindia
