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Is there any chance to avoid late fee for nonfiling form 26b


Vivek B. Bhinde (Action Creates Energy !!)     12 July 2017

Vivek B. Bhinde
Action Creates Energy !! 
 131 likes  819 points

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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/- ???

 




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