ITR-7 Trust Disallowance of expenditure
This query is : Resolved
Quick Summary
20 May 2022
I had filed ITR -7 for AY 2020-21 on 27-01-2021 (due date was 15-02-2021) and also filed Audit Report in Form 10B on 27-01-2021 (Due date was 15-01-2021).
The CPC had disallowed expenditure claimed (revenue and capital) and taxed @ 30% on Gross Receipts.
Rectification request to reprocess was also processed with demand due?
What is the course available to clear the demand ?
The CPC had disallowed expenditure claimed (revenue and capital) and taxed @ 30% on Gross Receipts.
Rectification request to reprocess was also processed with demand due?
What is the course available to clear the demand ?
21 May 2022
Go for appeal...........
21 May 2022
Thank you sir.
Also please tell me, whether i should pray for condonation for late filing of Audit report Form 10B in Appeal, or any thing else should also be mentioned in the grounds of appeal ?
Also please tell me, whether i should pray for condonation for late filing of Audit report Form 10B in Appeal, or any thing else should also be mentioned in the grounds of appeal ?
21 May 2022
The assessee can file an application for condonation of delay in filing form 10B before the CIT -Exemption, and get the relief from tax demands raised by the assessing officer/CPC.
21 May 2022
Thank You Sir,
But rectification rights are with CPC only so AO can not help in this matter, unless file is transferred to him by CPC.
What is the procedure to file an application for condonation of delay in filing Form 10B before CIT_Exemption at Efiling portal ?
But rectification rights are with CPC only so AO can not help in this matter, unless file is transferred to him by CPC.
What is the procedure to file an application for condonation of delay in filing Form 10B before CIT_Exemption at Efiling portal ?
21 May 2022
Try filing it manually if not possible in online filing.
After condonation contact AO no file transfer is required it's online.
see the link.
https://taxguru.in/income-tax/cbdt-condones-delay-filing-form-no-10b.html
https://ngoenabler.com/news/condonation-for-delay-in-filing-form-10b/
https://www.taxwink.com/blog/condonation-delay-filing-form-10b
https://legalitysimplified.com/2019/06/26/condonation-of-delay-in-filing-form-no-10b/
After condonation contact AO no file transfer is required it's online.
see the link.
https://taxguru.in/income-tax/cbdt-condones-delay-filing-form-no-10b.html
https://ngoenabler.com/news/condonation-for-delay-in-filing-form-10b/
https://www.taxwink.com/blog/condonation-delay-filing-form-10b
https://legalitysimplified.com/2019/06/26/condonation-of-delay-in-filing-form-no-10b/
21 May 2022
Also file appeal as 10b filed with ITR.
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
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- REGARDING ITR FILING QUESTION
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Rent claimed on building given on permissive possession basis
- PF wage ceiling
- Missed TDS
- ITC BENEFIT ON BROKRAGE PAID
- Taxation on Old jewellery sold
- Correction in TDS return New Traces Portal
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
