Delay in filing IT by CA

This query is : Resolved 

28 November 2024 Respected Experts,

Our CA has not yet filed ITR3 for FY23-24. Will our firm face any discrepancies due to this. Our assessed income 2 crore.We gave data to our CA on Sep24 but he waited till 15.11.24. But has not yet filed. He says there won't be any issue. I respect his advice I however personally want to know suggestions from you. Thank you.

28 November 2024 The last date for filing Income Tax Returns (ITR) for Assessment Year (AY) 2024-25 varies based on the category of taxpayer.
For businesses requiring audit, the last date is November 15, 2024. (extended by 15 days).
For businesses requiring transfer pricing reports, the last date is November 30, 2024.
Recently extended by 15 days till December, 2024.
If you miss the deadline, you can still file a belated return by December 31, 2024, with late fees.

28 November 2024 Stephen,

the bigger worry would be whether he has filed the tax audit report in time or not. Failure to do so carries bigger penalty.

Happy to help if required.


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