A COMPANY HAD PURCSASE A LAND FROM 4 CO-OWNERS AND THE PAYMENT IS MADE TO THESE PERSON AFTER DEDUCTING TDS @ 1%. PURCHASER GET THE NOTICE FOR PAYMENT OF PENALTY OF 14200/- FOR LATE PAYMENT OF RETURN. DETAILS ARE AS UNDER.
BUYER:- COMPANY
SELER:- 4 CO OWNERS
DATE OF AGGREMENT:- IN JUNE 2014
DATE OF PAYMENT:- 1 JULY 2014
DATE OF PAYMENT OF TDS & FILING OF RETURN 26QB:- 17 TH OCT 2014
I JUST HAVE QUERY REGARDING PENALTY U/S 234E I.E 14200/- ( 200/PER DAY AS PER ACT)
CAclubindia
