Not file itr 4 a.y. 2010-2011
This query is : Resolved
10 March 2012
respected sir
we have not file income tax return f.y 2009-2010
our total turn over is 49,00,000(forty nine lacks )we audited our books on time 15-06-2010 but we not file income tax return timely and we have tds certificate is 267300-and we want refund maximum 2,00,000-00
what can i do now??????and how much penalty ?????????
please reply me soon as you possible any one
we have not file income tax return f.y 2009-2010
our total turn over is 49,00,000(forty nine lacks )we audited our books on time 15-06-2010 but we not file income tax return timely and we have tds certificate is 267300-and we want refund maximum 2,00,000-00
what can i do now??????and how much penalty ?????????
please reply me soon as you possible any one
10 March 2012
The refund is depending on your Tax liability.. If you have not filed your return for FY 09-10, but time is still there you can file on or before 31st March 2012..
Since you have obtained your Tax Audit Report well within time there is no levy of penalty, however interest may be levied for late filing...
Since you have obtained your Tax Audit Report well within time there is no levy of penalty, however interest may be levied for late filing...
Message likes :
1 times
11 March 2012
You can file return till 31-03-2012. If accounts are audited well in time no penalty will attract for audit.
As you have not submitted return till 31.03.2011 penalty for late filling of return attracts u/s. 271F.
If your TDS is more than tax liability as per your return no interest will be charged under any of the provision.
Excess TDS will be refundable along with interest, if return is submitted before 31.03.2012.
As you have not submitted return till 31.03.2011 penalty for late filling of return attracts u/s. 271F.
If your TDS is more than tax liability as per your return no interest will be charged under any of the provision.
Excess TDS will be refundable along with interest, if return is submitted before 31.03.2012.
Message likes :
1 times
31 March 2012
First you should file the return online as to-day is the last day. You file the same before 12 night. Thereafter the matter will be decided whether you are liable for penalty or not for further details you can contact at ssunderagarwal@gmail.com
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
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Scrutiny and reopening of past returns
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
