234E clarifiation

DEEPU HN (Student CA Final ) (80 Points)

22 December 2013  

Dear Friend,

Please clarfy

as per section 234E if quarterly return is not filled with due tds penalty will be Rs 200 per day subject to maximum tax deductable /collectable.

but many cases i saw under 234E income tax department has leived fees(penalty) more than tax deducted/ collectable, for that notice what we have to do?