Tds related
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2014
IS THERE ANY LATES UPDATE REGARDING STAY ORDER GIVEN BY HONOURABLE COURT TDS LATE PAYMENT AGAINST SEC.234E
17 August 2014
No final decision as yet.
In a recent order dated 03.07.2014 Hon’ble Odisha High Court has granted stay on the recovery of Late fee charged Under Section 234E of the Income Tax Act,1961.
In Separate cases Hon’ble Bombay, 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 the case.
You can see the Judgements from below link:
https://taxguru.in/income-tax-case-laws/section-234e-odisha-high-court-stays-recovery-proceeding.html#sthash.aFzu1Zj8.dpuf
In a recent order dated 03.07.2014 Hon’ble Odisha High Court has granted stay on the recovery of Late fee charged Under Section 234E of the Income Tax Act,1961.
In Separate cases Hon’ble Bombay, 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 the case.
You can see the Judgements from below link:
https://taxguru.in/income-tax-case-laws/section-234e-odisha-high-court-stays-recovery-proceeding.html#sthash.aFzu1Zj8.dpuf
Message likes :
1 times
17 August 2014
Legality and Validity of section 234E has been challenged in above cases. So if the final judgement is in favour of the petitioner then same will hold good for all.
If section 234E held to be Invalid and Illegal then it can not be only for petitioner. It will be applicable for all.
But if that does not happen you will have to pay fees u/s 234E along with interest since you yourself are not a petitioner.
If section 234E held to be Invalid and Illegal then it can not be only for petitioner. It will be applicable for all.
But if that does not happen you will have to pay fees u/s 234E along with interest since you yourself are not a petitioner.
Message likes :
1 times
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2014
Thax alot sir..it relly vry helpful for me..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Loss of interest in PF transfer from EPFO to Trust
- CASH GIFT FROM BLOOD RELATIVE
- TDS offline utility
- Due Date Clarity
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Taxability of credit in canara bank ET & T section (NRO)
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
