TDS Return Late fee u/s 234E can be levied only after 01-06-2015: ITAT:

TDS Return Late fee u/s 234E can be levied only after 01-06-2015: ITAT In matter of M/s. Maruti Steel Fab vs ACIT CPC noted that fee for default in furnishing the TDS statements have been imposed on the assessee u/s. 234E of the Act for the 2nd quarter of the financial year 2012-13 (A.Y. 2013-14). As per ITAT "Section 200A deals with processing of TDS statements of tax deducted at source and Clause (c) of sub-section (1) of section 200A was inserted by the Finance Act 2015 w.e.f. 01-06-2015 providing for the levy of fee u/s.234E of the Act. In such circumstances, levy of such fee u/s.234E can be levied only after 01-06-2015 for the default committed by the assessee." ITAT Found that the period covered in the present subject appeal before us is Quarter 2nd of financial year 2012-13 (A.Y. 2013-14). Therefore, the tribunal held that the amendment by insertion of Clause (c) to sub-section (1) of section 200A of the Act is not applicable, therefore, the order of CIT(A), NFAC, Delhi is not justified and it is set aside. For Official Judgment Download PDF Given Below: