Notice for Non filing of return for AY 2015-16
This query is : Resolved
28 May 2022
Dear Sir,
One of my client has received notice U/s 148 for Non filing of return for AY 2015-16 for which I am now filing her return in reply to the notice.
My query is apart from filing the return and paying applicable tax and interest do I need to do any other compliance regarding this. Will there be any penalty for return not filed earlier.
Please help me in this matter.
Regards,
Divyesh Jain
One of my client has received notice U/s 148 for Non filing of return for AY 2015-16 for which I am now filing her return in reply to the notice.
My query is apart from filing the return and paying applicable tax and interest do I need to do any other compliance regarding this. Will there be any penalty for return not filed earlier.
Please help me in this matter.
Regards,
Divyesh Jain
28 May 2022
Yes, penalty applicable.
28 May 2022
How much is the penalty and when it is to be paid.
28 May 2022
It's to be paid after AO raise demand.
Sections
Nature of Offence
Penalty Levied
Section 234A
A person fails to file ITR within the due date and has an outstanding unpaid tax
Interest on the outstanding tax amount at 1% per month since the prescribed due date
Section 271H
Failure to file TDS and TCS returns within the given due date
Rs.10,000-Rs.1,00,000, besides the late filing penalty under Section 234E, which is Rs.200/day till the TDS/TCS is paid
Section 270A
A person with taxable income fails to file his ITR or is found to under-report his income in the returns
50% of the total tax payable on the income for which no return was furnished
Sections
Nature of Offence
Penalty Levied
Section 234A
A person fails to file ITR within the due date and has an outstanding unpaid tax
Interest on the outstanding tax amount at 1% per month since the prescribed due date
Section 271H
Failure to file TDS and TCS returns within the given due date
Rs.10,000-Rs.1,00,000, besides the late filing penalty under Section 234E, which is Rs.200/day till the TDS/TCS is paid
Section 270A
A person with taxable income fails to file his ITR or is found to under-report his income in the returns
50% of the total tax payable on the income for which no return was furnished
28 May 2022
Ok Sir, Thanks a lot for the detailed reply
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