ITR filing by a Trust

This query is : Resolved

nagaraja (Querist)
Follow

09 February 2011 Dear All,

A trust has not yet filed it's ITR for the year 2008-09 and 2009-10. When we went for submitting ITR for both the years to department, they asked Rs. 30,000 as penalty.
Its tax payable is NIL. Income is around Rs.10,000 after deducting expenses for both the years.
can anybody confirm how much penalty can department levy for delay in submit the ITRs????

Guest

Guest (Expert)

09 February 2011 Have you filed the return or ithese are pending.

nagaraja

nagaraja (Querist)
Follow

09 February 2011 pending...not yet filed

Guest

Guest (Expert)

10 February 2011 No body can ask you deposit penalty in advance.

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

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

R M Shekhaliya

Amit Goyal

SHRI HARIRAO

Frank

Pushkar Nagda

Subscribe Now

ITR filing by a Trust

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

GST CONSULTANT

GST CONSULTANCY

Senior Executive

Manager- Finance and Compliance