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Interest u/s 234e

Piyush Shirodkar (CA Final Student) (1358 Points)

24 June 2014

I would like to know about the judgement/proceeding going on with regards to Interest to be paid for late filing of TDS u/s 234E. Would like to know what is it all about.

Awaiting for the reply.

Thank you

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Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 24 June 2014

late fees at the rate of 200 per day is payable under section 234e and interest at the rate of 1.5% per month is being charged for the period of default for late filing. there have been few cases with regard to 234e but we are still waiting for any judgement. i havent heard of any case regarding interest on late fee so unable to provide this info.

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