Late Filing fee u/s 234E for payment of TDS on purchase of flat of value 60 lac

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  1. NEELAM1962

    NEELAM1962 New Member

    I purchases flat for value above Rs 60 lac. I did not know when and how to pay the amount of TDS @1% and so I got late in paying the TDS.
    I paid TDS @1%, late on 06 April 14 for three amounts paid to builder in Dec 13/Jan 14 of varying sums Rs 10/12/12 lacs.
    Now, I received 3 notices asking to pay late fees @ 200 per day for 3 instalments and the late fee being asked is in the excess of Rs 28000.
    Is it a justified demand by IT Deptt. ? What are the ways to avoid it or to seek waiver. I am salaried employed and paying Income Tax through employer TDS.
    Pl guide me . Thanks
     
  2. Sumit Agarwal

    Sumit Agarwal Active Member

    The penalty is correct you have to pay it.To avoid penal provisions do comply the complete provisions or consult some expert.
     
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