Urgent suggestion require

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 Pls suggest the treatement of following issues in tax audit reporting/ Accounting:

(1) Fee paid for delay in filling of TDS Return U/s 234E whether allowable expense? Does require separate reporting of it in 3CD report?

(2) What will be considered as the date of payment for reporting of "ESIC" & "PF" ?
Whether it will be be:

"Date of Challan Presentation to Bank"
OR
"Actual date of its clearance from the Bank"

Pls suggest urgently.

CA Tejas Mistry

CA Tejas Mistry (Expert)
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18 July 2014 (1) Fees paid for delay filling of TDS is a kind of penalty you are talking about which is disallowed and need to report in #CD clause 17 (e)

(2) for the ESIC payment date will be considered as Date of challan presented to Bank

Querist : Anonymous

Querist : Anonymous (Querist)

18 July 2014 pls clarify more or some other experts confirmation req. on query no. 1 pls.

Thanks

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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02 August 2025 Here’s a quick, clear take on your urgent questions:

1. **Fee paid for delay in filing TDS Return under Section 234E**

* This is a **penalty/fee for delay**, **not an allowable business expense**.
* It **should be disallowed** while computing income.
* Yes, it **needs to be reported separately in Tax Audit Report (Form 3CD), Clause 17(e)** — as payments not allowable as business expenditure.

2. **Date of payment for ESIC & PF**

* The **date of payment is the date of challan presentation to the bank**, not the clearance date.
* So, for audit & reporting, take the **date when the challan was submitted/deposited**, even if clearance happens later.

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