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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Penalty u/s 234e of income tax act
Replies (8)
Fees u/s 234E can not be waived by any means. It has to be paid compulsory. & it is not penalty
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
Excuse me, the link which you have sent does not exist
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.
Sidharth pleaase ensure any other matter is not there while pasting the link then you will find the desired page.
Do not wait for the court order. Pay the late fees immediately.
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.
Pooja, case laws are for particular case & for particular situation you can not apply one case law in other situation.
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