Due Date for IT Return for Firm crossing 40 lacs
This query is : Resolved
21 September 2010
Respected experts,
It is being rumored that for the FY 2009-10 the due date for IT Return for Firm crossing 40 lacs (income 42 lacs) has been extended till 31 OCT 10. Is the same true. Is any notif. been issued?
Sirs, in the above case what are the penalties, Firm crossing 40 lacs (income 42 lacs), that a firm could face for late filing of returns.
Regards.
It is being rumored that for the FY 2009-10 the due date for IT Return for Firm crossing 40 lacs (income 42 lacs) has been extended till 31 OCT 10. Is the same true. Is any notif. been issued?
Sirs, in the above case what are the penalties, Firm crossing 40 lacs (income 42 lacs), that a firm could face for late filing of returns.
Regards.
21 September 2010
No there is no such news of extention as yet. Only rumours.
If firm does not file return in time then penalty of 1% of turnover or rs. 1 lakh can be levied. So in your case it would be Rs. 42,000/-.
If firm does not file return in time then penalty of 1% of turnover or rs. 1 lakh can be levied. So in your case it would be Rs. 42,000/-.
21 September 2010
Thank you sir.
21 September 2010
U can also thank by using thank user icon.
Message likes :
1 times
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Relief u/s Section 89
- TDS Challan Code
- SALE BILL AGAINST GOODS RETURN
- REGARDING SECTION 44AE
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
