Delayed filing

This query is : Resolved 

13 July 2009 If one pvt.company has not file any Form 23AC and ACA even Form 20B since its incorporation but company has regularily filed IT return and in that case if that company file 23AC and ACA then penalty will be approx 5,000 per year so how can that company minimise this penalty??

Any suggestions please!


Thanks & Regards
Vandana Kacholia

14 July 2009 Hi Vandana,

I don't think there is any method to avoid such penalty. You have to pay the penalty for late filing.


Regards

14 July 2009 Additional filing fee u/s 611(2) of the Companies Act,1956 is mandatory.In view of that question of minimizing does not arise since additional fee is fixed depending on the period of delay.

14 July 2009 thanks a lot


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