NOT FILLING RETURN

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This query is : Resolved

Querist : Anonymous

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

U S Sharma

U S Sharma (Expert)
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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

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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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