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Penalty u/s 234e of income tax act

Maruthi (Tds Returns Preparer) (207 Points)

19 June 2014

Dear all,

Is there any recent update about the Section 234 E of Income Tax Act.,?

Because, few of stays held on Section 234 E of Income Tax Act., by the courts.

Regards

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8 Replies

Siddharth (Article Assistant) (111 Points)
Replied 19 June 2014

Fees u/s 234E can not be waived by any means. It has to be paid compulsory. & it is not penalty

CA Pooja Sharma (Chartered Accountant) (192 Points)
Replied 19 June 2014

Late Fees can be waived off subject to certain conditions.

You may follow the link given below which will provide better understanding:-

https://www.simpletaxindia.net/2013/09/tds-statement-late-fee-us-234e-can-be.html

Siddharth (Article Assistant) (111 Points)
Replied 19 June 2014

Excuse me, the link which you have sent does not exist

Tribhuvan Aditya Singh (Student as well as Self-employed) (3710 Points)
Replied 19 June 2014

fee under 234e cannot be waived. court had provided stay for the petitioners and not for the whole of india. and no decision has been given by the court as far as i know. so we have to still pay fee of 234e.

CA Pooja Sharma (Chartered Accountant) (192 Points)
Replied 19 June 2014

Sidharth pleaase ensure any other matter is not there while pasting the link then you will find the desired page.

Mihir (Wealth Manager) (5293 Points)
Replied 20 June 2014

Do not wait for the court order. Pay the late fees immediately.

hitesh (chartered accountant) (102 Points)
Replied 20 June 2014

If fees are not levied u/s 234e, the deductor may not file the tds returns at all. How dept would than do the assessment? Hence the fees. Chances that it may be reduced due to stay granted by various High Courts.