Income TaxTDS Whether Late Fee on TDS Statement Under Section 234E or Interest Under Section 201(1A) or Late Fee on Income Tax Return Under Section 234F or Interest Under Sections 234A, B, C be Levied by TDSCPC, Ghaziabad/Income Tax CPC, Bengaluru ?

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The Tax Publishers Income Tax--TDS Whether Late Fee on TDS Statement Under Section 234E or Interest Under Section 201(1A) or Late Fee on Income Tax Return Under Section 234F or Interest Under Sections 234A, B, C be Levied by TDS-CPC, Ghaziabad/Income Tax CPC, Bengaluru ? CA. Rajesh Mehta If any tax deductor fails to file TDS return within stipulated time then Section 234E levies late fees at Rs. 200 per day of failure. The learned author argues that as per Section 200A(2) even after 1-6-2015 and also before 1-6-2015, TDS-CPC does not have any authority to levy late fee and interest and CBDT cannot delegate powers beyond authority provided under Section 200A(2). On similar lines he argues that CPC, Bengaluru also has no authority to process the income tax returns for levying late fee under Section 234F or interest under Section 234A,B,C except for tax or refund due to, assessee. SUBSCRIBE FOR FULL CONTENT

The Tax Publishers

Income Tax--TDS

Whether Late Fee on TDS Statement Under Section 234E or Interest Under Section 201(1A) or Late Fee on Income Tax Return Under Section 234F or Interest Under Sections 234A, B, C be Levied by TDS-CPC, Ghaziabad/Income Tax CPC, Bengaluru ?

CA. Rajesh Mehta

If any tax deductor fails to file TDS return within stipulated time then Section 234E levies late fees at Rs. 200 per day of failure. The learned author argues that as per Section 200A(2) even after 1-6-2015 and also before 1-6-2015, TDS-CPC does not have any authority to levy late fee and interest and CBDT cannot delegate powers beyond authority provided under Section 200A(2). On similar lines he argues that CPC, Bengaluru also has no authority to process the income tax returns for levying late fee under Section 234F or interest under Section 234A,B,C except for tax or refund due to, assessee.