|QUERY:||Can late filing fees u/s. 234E be levied for the period prior to June, 2015 by way intimation u/s. 200A?|
|ANSWER:||Yes, Chapter XVII deals with relating to collection and recovery of tax. Section 234E in respect of fees for default in furnishing statement was introduce by the Fi-nance Act, 2012 with effect from July 01, 2012. Thus the liability to pay fees for late furnishing or not furnishing a statement under section 200(3) or proviso to 206C(3) arose from the said date, if the statement was processed under section 200A of the Act. Only from June 01, 2015 the processing of the statement through intimation was provided. Hence, late filing fee under section 234E can levied, while processing the statements through intimation.|
|EXPERT:||CA. H. N. Motiwalla|
|SECTION(S):||200A, 206C(3), 234E|
|CATCH WORDS:||intimation, Late filing fee|
Opinion Of Eminent Legal Luminaries On Controversial Issues
Whether Late Filing Fee Is Leviable On Default In Furnishing The Statement U/s. 200A Or U/s. 206C(3)?
Credit: Several of the queries and answers are reproduced with permission from the AIFTP Journal. We thank AIFTP for generously allowing us to host their research material.
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