Sec 234e

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 February 2016 Hi
TDS return (FY 2015-16) for the 1st Quarter has been filed on 04-02-2016 and I have received a notice for fees for default U/s 234E equavelent to Tax Amount.

Is there any remedy to Ovecome the penalty ?

Ganeshbabu K

Ganeshbabu K (Expert)
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16 February 2016 Till 31-5-2015 Income tax department has no power to process TDS return U/s 200A to levy TDS late fee U/s 234E but w.e.f. 1-6-2015 as per Sec. 200A income tax department can levy late fee U/s 234E @ Rs. 200/- per day on delayed filing of TDS return.

So in my knowledge you cannot escape from 234E FEE