Filing of I T R

This query is : Resolved

Pankaj Agrawal (Querist)
Follow

22 December 2009 Assessee (a partnership firm) filed his Audit Report in hard copy to Local Income Tax Office on 30.11.2009 for A.Y. 2009-10, But Return of Income could not be filed on 30.11.09 (to be filed e-return).
Can he file his R O I now, will it attract any penalty or any other late filing consequences.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

22 December 2009 As per section 44AB audit report has to be furnished by the specified date. Specified date as per explanation (ii) is 30th September 2009. Thus the assessee has violated the provision of the said section . Consequence is Penalty provisions as per section 271B attracts. If the assessee can prove that the failure was on account of a reasonable cause penalty proposal will be dropped as per section 273B.
However he can file the return now after paying tax, if any, along with interest as per section 234A,B and C if applicable.

Murtaza I Bhagat

Murtaza I Bhagat (Expert)
Follow

22 December 2009 yes mr. warrier sir is right. Now its over time to file your ROI bcs due date for your Return was 30,Sept'09 afterthan you have paid penalty u/s 234A and 234B,C suppose.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Namita Fule

Amit Yadav

Krishnan V

sriram deven

PARAS CHHAJED

Subscribe Now

Filing of I T R

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

Accountant

CA Final

Article Assistant

GST CONSULTANCY

GST CONSULTANT