Disallowed the expenditure by ao
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 April 2016
Dear Experts,
I have filled income tax return for AY 2015-16 but AO has disallowed the Expenditure of Rs. 14768/- therefore the income has been raised please tell me in this case weather any interest/penalty can be levied or not,
Regard
Mudit jaiswal
I have filled income tax return for AY 2015-16 but AO has disallowed the Expenditure of Rs. 14768/- therefore the income has been raised please tell me in this case weather any interest/penalty can be levied or not,
Regard
Mudit jaiswal
17 April 2016
If there is tax due, interest will be levied. Penalty proceedings can be initiated,but levy may differ from case to case.
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