12 June 2016
One of my client purchased H.P on 03-03-2014, for Rs. 60 lacs. So, he was served a notice by I-T for non-filing of 26QB.
I have caclulated tds, interest for late deduction and interest for late payment also till date, so my question here is ...
Is he liable to pay Fees u/s 234e as the same fee was not applicable before 01.06.2015??? Kindly confirm the same as I need to file 26QB at the earliest......
13 June 2016
234E Fee for tds returns prior to 01.06.2015 cannot be asked and no need to pay, if any order served you may go for appeal or rectification 154 can be done to rectify demand if any served.
CAclubindia
