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CBDT Income Tax NSDL TCS TDS TIN NSDL Traces

Last date of filing of TDS/TCS returns for Q2 of FY:2014-15 – 15th October 2014

Due date for filing of TDS/TCS returns for Quarter 2 of FY:2014-15 is 15th October 2014. With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns. Failure to submit e-TDS Statement on time will result in fees on the deductor. If you delay or forget […]

Categories
CBDT Income Tax NSDL TCS TDS TIN NSDL Traces

Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived

If the deductor is charged penalty amount u/s 234E then this penalty has to be paid to the Income Tax Department using Challan No. 281, and this penalty cannot be waived under any circumstance. What is Section 234E ? Section 234E – Levy of Fees: Failure to submit TDS return on time will result in fees on […]

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