Audit case return file after 31 march 2014
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2014
RESPECTED SIR,
ONE OF MY CLIENT FORGOT TO FILE THERE INCOME TAX RETURN FOR A.Y. 2013-2014, HIS TURNOVER IS MORE THEN 1CRORE. HE IS UNDER AUDIT CASE BUT NOW THE LAST DATE OF AUDITED E-FILE IS 5 OCT 2013 AND BALANCE SHEET UPLOADED UPTO 31.10.2013.
NOW I WANT TO KNOW THAT WHEN I FILE HIS RETURN AFTER Tax Audit under Section 44AB above Rs 1 Crore. WHAT HAPPEN WITH THIS CASE, THERE IS A PENALTY, OR ANY OTHER RELATED PROBLEM MY CLIENT WILL FACE.
THANKS IN ADVANCE
ONE OF MY CLIENT FORGOT TO FILE THERE INCOME TAX RETURN FOR A.Y. 2013-2014, HIS TURNOVER IS MORE THEN 1CRORE. HE IS UNDER AUDIT CASE BUT NOW THE LAST DATE OF AUDITED E-FILE IS 5 OCT 2013 AND BALANCE SHEET UPLOADED UPTO 31.10.2013.
NOW I WANT TO KNOW THAT WHEN I FILE HIS RETURN AFTER Tax Audit under Section 44AB above Rs 1 Crore. WHAT HAPPEN WITH THIS CASE, THERE IS A PENALTY, OR ANY OTHER RELATED PROBLEM MY CLIENT WILL FACE.
THANKS IN ADVANCE
01 July 2014
int will be imposed along with penalty
02 July 2014
penalty for late filing of b/s and audit report impose by the deptt.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Banking Related Issue
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-Capital Gain
- TAX AUDIT QUESTION
- Reporting in TDS return
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
