Er7 not filed for financial year 13-14 & 14-15
This query is : Resolved
Hitesh Bansal
(Querist)
01 October 2015
Due to ignorance we have not filed ER7 for above said financial year. Recently we had a tax audit from exicise department. They have imposed Rs.25000 as penalty.
Is it right?
Arun Kumar Singh
(Expert)
05 October 2015
The maximum penalty can be imposed of Rs. 5000/- per return. He can imposed total of Rs. 10000/- for two return. you should consult with any professional.
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