Thursday, March 6, 2014

Waiver of Fee levied U/s 234E of the Income Tax Act for Delay in Filing of TDS/TCS Statements

Government of India 
Ministry of Finance 
Department of Revenue 
Central Board of Direct Taxes 
Dated 6th March, 2014 


The Board had received several petitions from various deductors requesting waiver of fee levied u/s 234E of the Income-tax Act for delay in filing of  TDS/TCS statements. It was stated that the delay was because of certain  difficulties being faced by the Government deductors for reasons beyond their  control. On a consideration of the difficulties being cited by the deductors, the  CBDT has decided, as a one-time exception, to ex-post facto extend the due date  of filing of TDS/TCS statements for FY 2012-13 (2nd to 4th Quarter) and FY  2013-14 (1st to 3rd Quarter) to 31.03.2014 in the case of Government deductors.  This will have an effect of automatic waiver of the fee u/s 234E so levied.  However, any fee already paid by a Government deductor shall not be refunded.
(Rekha Shukla) 
Commissioner of Income Tax (M&TP) 
Official Spokesperson, CBDT 

[Source: http://www.incometaxindia.gov.in]


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