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Section : 234E of Income Tax Act.
As per section 234E of Income Tax Act .
(1) TDS deductors those who not filed there TDS Return within time or make defaults in furnishing statements prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, then he shall be liable to pay, by way of fee, a sum of two hundred rupees ( 200) for every day during which the failure continues.

(2) The amount of fee shall not be exceeds tds amount i.e.( Deductible amount).

(3) The amount of fee referred to in sub-section (1) shall be paid before delivering or causing
to be delivered a statement in accordance with sub-section (3) of section 200 or the proviso to
sub-section (3) of section 206C.

(4) The provisions of this section shall apply to a statement referred to in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C which is to be delivered or caused
to be delivered for tax deducted at source or tax collected at source, as the case may be, on or
after the 1st day of July, 2012.".

Feel Free to Comment if you have any query .

Chetan Saini

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Vikas

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