ITR filing by a Trust
This query is : Resolved
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????
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.
Guest
Guest
(Expert)
10 February 2011
No body can ask you deposit penalty in advance.
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