Avail 50% discount on all subjects for Nov batch(access till Nov 20th). Use coupon code Nov14.

×
Home > Experts > Income Tax > Late filing of 15G with of Commissioner of Income Tax


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


Late filing of 15G with of Commissioner of Income Tax (Income Tax)

Report Abuse
This query is : Resolved



( Author )
17 May 2011

Company 'A' has received Form 15G/15H from the Depositer 'B' for the F.Y.2010-11 before commencement of the Financial Year i.e.during April'2010.

a) What is time Limit for receiving Form 15G/15H from Depositers.
b) What is time Limit for Submitting the received Form 15G/15H to the Commissioner of Income Tax.
c) Penalty for Failure to submitt the received Form 15G/15H to the Commissioner of Income Tax.

Please clarify on the above immediately.

Best Regards,


GOVIND.



CA MANOJ GUPTA

( Expert )
17 May 2011

1.THERE IS NO TIME LIMIT FOR RECEIVING THE FORMS IT IS THE PAYEES HEADACHE
2. THESE FORMS SHALL BE SUBMITTED BY 7 DAY OF THE MONTH FOLLOWING THE MONTH IN WHICH DECLARATION IS OBTAINED
3. PENALTY IS 100 PER DAY OR AMOUNT OF TAX DEDUCTIBLE WHICHEVER IS LESS

CA MANOJ GUPTA
JODHPUR
09828510543


Previous

Next

You need to be the querist or approved CAclub expert to take part in this query .


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links





back to the top