Penalty
This query is : Resolved
16 April 2014
If business is closed permanently on 31/03/2013 and no intimation to Income tax department is made,
Is there any penalty for non Intimation Under Income Tax Act
Is there any penalty for non Intimation Under Income Tax Act
Rupesh Jain
(Expert)
16 April 2014
you are not mention the business under PVT Ltd or firm or prop.
there is no need of intimation to deptt.
there is no need of intimation to deptt.
Nikhil Kaushik
(Expert)
16 April 2014
Rupesh,
i sincerely advise you to brush up your tax knowledge.
Rekha. please refer section 272A(2)(b) the penalty shall be Rs 100 for each day of non-compliance..
i sincerely advise you to brush up your tax knowledge.
Rekha. please refer section 272A(2)(b) the penalty shall be Rs 100 for each day of non-compliance..
16 April 2014
@ Rupesh its an sole proprietorship
@ Nikhil Thanks for augment my knowledge.
@ Nikhil Thanks for augment my knowledge.
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