Late Fee for Default / Delay in submitting TDS Statement is Mandatory, can’t be avoided even Assessee has reasonable cause: ITAT [Read Order]

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) has recently held that the levy of late fee under section 234E of the Income Tax Act, 1961 for the delay or default in submitting the TDS statement is mandatory under the law and having a ‘reasonable cause’ for such default is not a valid […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3i9YI2I