Ashwini Magod (Article Assistant) (49 Points)
15 July 2013
CMA. CS. Sanjay Gupta
("PROUD TO BE AN INDIAN")
(114220 Points)
Replied 15 July 2013
No Fees u/s 234E not required to be paid for late filing of NIL TDS returns.
New section 234E has been proposed to be effective from 1st of July 2012, with heading “Levy of Fee in certain case” deductor will be liable to pay by way of fee of Rs 200 per day till the failure to file TDS statement continues, However, the total fee cannot exceed the amount of TDS deductible for which statement was required to be filed.
Fees to be paid u/s 234E is lower of the following amount:
1) Rs 200 per day from the due date till the date of filing of Return.
2) TDS deductible for which statement was required to be filed.
Since Nil TDS so Fees u/s 234E not required to be paid.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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