Late fee under section 234e
This query is : Resolved
07 September 2013
1. effective date and quarter of applicability of the section 234E
2. whether the late fee is mandatory or whether the ITO has powers to waive the same.
2. whether the late fee is mandatory or whether the ITO has powers to waive the same.
07 September 2013
2. Mandatory. No power to waive.
07 September 2013
234E applicable fro all returns from 01.07.2012.
Its mentioned as TRACES site that "Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived"
Its mentioned as TRACES site that "Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived"
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