hi all,
my doubt is regarding the applicability of Section 234E and 272A. Whether both the provisions are applicable together in case of belated filing of tds returns or only 234E alone is applicable. If 234E alone is applicable, then under what circumstances 272A will be applicable?
TIA.
Sec. 234E of IT Act will applicable for late Filing of TDS returns like Form 24Q,26Q, 27Q & 27EQ, it will be levied @ Rs.200/day due from date of filing to till actual filing of those returns.
Whereas Sec.272A will applicable for not submitting the Form 16 and 16A within the 30th May & 15 Days for the respective TDS return types.
CAclubindia
