Levy u/s 234E of the Income Tax Act, 1961 is a statutory levy and cannot be waived
If the deductor is charged penalty amount u/s 234E then this penalty has to be paid to the Income Tax Department using Challan No. 281, and this penalty cannot be waived under any circumstance. What is Section 234E ? Section 234E – Levy of Fees: Failure to submit TDS return on time will result in fees on…