23 June 2014
Return of TDS for the last qtr FY 2013-14 was filed late and susequently late fees @ Rs 200/day for each day in delay from 15.05.14 along with interest thereon was demanded by the IT dept.
Will it be deposited under section 234E & challan no. 281??
23 June 2014
Yes you have to deposit the penalty and have to revise the return so that your demand is cancelled on the system of ITD. However, there is stay of recovery of penalty by various high courts, so check whether there is stay of recovery of penalty by high court having jurisdiction in your case.