Section 234E → Section 273
Fee for default in furnishing TDS/TCS statements
Quick Answer
Section 234E of the Income Tax Act, 1961 (Fee for default in furnishing TDS/TCS statements) corresponds to Section 273 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 234E
Provision Summary
A flat fee of Rs. 200 per day for late filing of TDS returns (Form 24Q, 26Q).
Sec 273
Provision Summary
Retained. Fee cannot exceed the total amount of TDS/TCS to be deducted.
Key Changes & Highlights
- Now strictly enforced through the TRACES portal before accepting the TDS return.
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Frequently Asked Questions
What does Section 234E of the Income Tax Act 1961 deal with?
Section 234E (Fee for default in furnishing TDS/TCS statements) A flat fee of Rs. 200 per day for late filing of TDS returns (Form 24Q, 26Q).
What is the new section number for Section 234E under the Direct Tax Code 2025?
Section 234E of the ITA 1961 maps to Section 273 of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 234E under the new tax code?
Section 234E is marked as "Retained" with status "Active". Impact: Medium - Operational cost for late payroll processing.
What are the key changes to Section 234E under DTC 2025?
Now strictly enforced through the TRACES portal before accepting the TDS return.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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