SECTION 234E OF THE INCOME-TAX ACT, 1961 - DEDUCTION OF
TAX AT SOURCE - DEFAULT IN FURNISHING STATEMENTS - FEE FOR - SITUATION
OF GENUINE HARDSHIP JUSTIFYING WAIVER OF FEE CHARGED UNDER SECTION 234E
LETTER F.NO.275/27/2013-IT(B),
DATED 2-8-2016
The
Board is examining the desirability and expediency of prescribing
situation/circumstances under which levy of fee under section 234E may
cause genuine hardship to the taxpayers, so as to prescribe guidelines
for waiver of such fees by virtue of the powers of the Board under
section 119(2)(a) of the Income-tax Act, 1961.
2. In this connection, I am directed to request you to
kindly forward your suggestions and recommendations for
conditions/circumstances which justify waiver of fee under section 234E
for an assessee or a class of assessees. These may kindly be furnished
by 31-8-2016.
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