Vivek B. Bhinde (Action Creates Energy !!) 12 July 2017
Please Help or Suggest a way out !!
Mr. A had purchased a Residence Property from Mr. B for RS. 65,00,000/- without deduction of TDS u/s 194 IA in August 2013
After filing the Income Tax Return for AY 2014-15 he received the Notice for Non Filing of Form 26 QB.
But he did not deducted the amount till date and also has not filed Form 26 QB.
My question is whether it is possible to avoid the Late Fee of Rs. 200/- ???