Fine on late filing of er7 form

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Gnayak Varia (Querist)
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08 October 2015 Dear Sir,

We were not aware of filing of ER7 form hence have filed late by 4 months what fine do we have to pay on the same.
Please help.

Regards
Gnayak

Arun Kumar Singh

Arun Kumar Singh (Expert)
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08 October 2015 If department will demand the penalty then you need to pay.

subhash sharma

subhash sharma (Expert)
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13 October 2015 Hi,

earlier this rule are treat now from march budget on wards they mention 100/- per day penalty for delay return subject to maximum of 20000/-.

see the budget amendments