Assessee incurs late fee for missing TDS return deadline; Section 234E supports penalty for delayed submission.

Assessee incurs late fee for missing TDS return deadline; Section 234E supports penalty for delayed submission. https://www.taxtmi.com/highlights?id=69067 Late filing fee u/s. 234E - since the assessee has filed its TDS returns on 07/06/2016 whereas the due date is 15th May, 2016 which is after the date of insertion of specific provision for levy of late fee U/s. 234E ie., 01/06/2015. Therefore, the action taken by the Ld. AO in levying the late fee for default in furnishing the TDS statement beyond the stipulated time is in accordance with law. - AT en-us Tue, 04 Apr 2023 17:01:49 +0530 Tue, 04 Apr 2023 17:01:49 +0530 TaxTMI RSS Generator Assessee incurs late fee for missing TDS return deadline; Section 234E supports penalty for delayed submission. https://www.taxtmi.com/highlights?id=69067 Late filing fee u/s. 234E - since the assessee has filed its TDS returns on 07/06/2016 whereas the due date is 15th May, 2016 which is after the date of insertion of specific provision for levy of late fee U/s. 234E ie., 01/06/2015. Therefore, the action taken by the Ld. AO in levying the late fee for default in furnishing the TDS statement beyond the stipulated time is in accordance with law. - AT Highlights Income Tax Tue, 04 Apr 2023 17:01:49 +0530 https://www.taxtmi.com/highlights?id=69067