Section 234E Late Fee for TDS Delays Applies Post-June 1, 2015: Kerala HC

Vanchinad Forgings (P) Ltd Vs ITO (TDS) (Kerala High Court) Kerala High Court Limits TDS Late Fee Levy to Post-June 2015 Period Kochi: The Kerala High Court has set aside demands for late fees levied under Section 234E of the Income Tax Act, 1961, for delays in filing TDS statements that occurred before June 1, 2015. The court ruled that the provision allowing for the computation and intimation of this fee through Section 200A of the Act is not retrospective and took effect only from that date. The petitioner, Vanchinad Forgings (P) Ltd., an assessee responsible for deducting Tax Deducted at S...