income tax return not filed

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2011 if an individual liable for audit under sec - 44AB does not files the return within the due date of 30th september. is he liable for any penalty?? if not then what can be the solution for him ???

CA Pradeep Sharma

CA Pradeep Sharma (Expert)
Follow

12 April 2011 Penalty is 1/2% of turnover or Rs.100000 which is less

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2011 can you please give a detailed solution along with section. and as per my knowledge this penalty is now waived off after introduction of itr4,5,6 etc electronically

CA Sanat Pyne

CA Sanat Pyne (Expert)
Follow

12 April 2011 penalty will be applicable, if the tax auidt has not been done within due date. You can file the return after the due date.
For that, you have to pay interest on late filing of return.

Querist : Anonymous

Querist : Anonymous (Querist)

12 April 2011 can you please suggest me section which i can refer for detailed study

CA Pradeep Sharma

CA Pradeep Sharma (Expert)
Follow

12 April 2011 Section 44AB and 271B of income tax act

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

Leena Rachh

RISHI LATTA

Dhananjay Singh

shubham agrawal

N N V Satish

Subscribe Now

income tax return not filed

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Accountant

Senior execiutive

Manager- Finance and Compliance

GST CONSULTANCY

Article Assistant