NOT FILLING RETURN

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Querist : Anonymous (Querist)
20 June 2011 A PROPRIETOR DID NOT FILE HALF YEARLY RETURN SINCE LAST 3 YEARS EVEN THOUGH HE DEPOSITED S. TAX WITHIN DUE DATE. HE WANTED TO FILE RETURN WITH PENATY. NOW HOW MUCH HE WILL PAY AND WHICH CODE HE DEPOSITE THE PENALTY

20 June 2011 penalty is
upto 15 days - 500/-
upto 30 days - 1000/-
thereafter 100/- per day of default subject to maximum 20000/- per return

for accounting codes, please look at GAR7 challan backside

21 June 2011 If there is no taxable turn over then file nil return as on to-day for all the years for which no return has been filed. Let the department levy the penalty. Before levy of the penalty they will serve a notice and at the time you can give the reasons and the minimum penalty as suggested by U. S. Sharma can be paid


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