Dear All
Please inform about Latest Decision about U/S 234E of TDS late return penalty leavy.
NILADRI SEKHAR RAY (B.Com) (112 Points)
25 January 2014Dear All
Please inform about Latest Decision about U/S 234E of TDS late return penalty leavy.
CA Nitin K. Varshney
(FCA DISA CCA Peer Reviewer (ICAI))
(616 Points)
Replied 25 January 2014
dear niladari, first of all its not penalty. its a late fee for late filing of TDS statements and charged rs. 200/- per day. recently a case was filed in kerala high court in which kerala high court stayed the proceedings for 2 months.
Narath Mapila SP School v/s UOI (Kerala High Court)