Itr
This query is : Resolved
24 November 2015
I have not filed ITR for the financial year 2013-2014 and 2014-2015 of a Unlisted public company. What will be the penalty and consequences
24 November 2015
File it now with tax and interest payment penalty may not be levied.
24 November 2015
Sir what is the interest will be levy be AO and under section 234A any amount will levy
24 November 2015
If there is tax due, interest u/s 234A will be levied @1% Per month or part of a month for the delayed filing.
If tax due is more than Rs.10,000 and advance tax is not paid or short paid, interest will be levied u/s 234B and 234C for short payment and deferment of advance tax respectively.
If tax due is more than Rs.10,000 and advance tax is not paid or short paid, interest will be levied u/s 234B and 234C for short payment and deferment of advance tax respectively.
24 November 2015
Wile filing the return through on line it will calculate all interest due. Remit the amount and file the return. Now on line filing of the return is compulsory for companies.
24 November 2015
And If there is no Taxable Income then what will be interest and late filing fee
24 November 2015
If there is no taxable income nothing is payable while filing the return.
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