As there is penalty under section 234E for late filling of TDS Return Rs 200 Per Day.
Under the Category of TCS on Property , due to lack of knowledge of TCS provision for tax deductor , they face huge penalty.
is there any way to waive such penalty.
penalty under section 234E shall not exceed more than tax amount
Yes, but is there any way to waive that penalty???
in CA newsletter for April, 2016 (CIRC) an article "Possibility of Relief from fees u/s 234 E" has been published in CA newsletter.
it may be helpful
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