banner_ad

Belated return penalty for audited it return

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
14 September 2013 If any assessee get his accounts audited & Form 3CB and 3CD is uploded by CA & approved by assessee before 30.09.2013 and ITR-4 have been submited after 30.09.2013 what will be the penalty imposed by IT Dept.
Profile Image

CA Mohit Bansal

Profile Image

CA Mohit Bansal (Expert)
14 September 2013 No penalty. It would only be a case of belated filing of return u/s 139(4). Under which you will be deprived of the carry forward of losses incurred in that A Y and other benefits of filing return within time. But no penalty shall be levied if return filed before the end of the relevant A Y. If you file the return after the relevant A Y then penalty u/s 271F of INR5000 shall be levied by the department.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 September 2013 thanks sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details