Penalty for late efilling
This query is : Resolved
19 August 2013
My client have a total income less than income tax slab rs.1,90,000/- . and tds deducted in lic commission rs.15000/- . Penalty app. for efilling afer 31st july?
19 August 2013
If there is no tax evasion or income tax payment liability then penalty may not be impose.
However for A.Y 2013-14 return filed upto 31-3-2014 penalty shall not be applicable.
So in your case you didn't have tax payment liability, so penalty not applicable to your case.
OM SAI SRI SAI JAI JAI SAI
However for A.Y 2013-14 return filed upto 31-3-2014 penalty shall not be applicable.
So in your case you didn't have tax payment liability, so penalty not applicable to your case.
OM SAI SRI SAI JAI JAI SAI
Message likes :
1 times
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
