Penalty non filling itr
This query is : Resolved
25 April 2025
One of my clients (SANSTHA) has not filed a return till now. Suddenly when the committee changed, he received a notice which assessed his donation of Rs. 50 lakhs for FY 2015-16 with a demand of Rs. 70 lakhs along with 30% tax and penalty on the total income. After that, he filed the return for the year 2023-24 for the first time.
He does not have 12AA & 80G
Is there any way to remove the penalty or to reduce the penalty to a minimum?
He does not have 12AA & 80G
Is there any way to remove the penalty or to reduce the penalty to a minimum?
26 April 2025
depends on the grounds/justification for non-filing of the return. Given that they do not have 12A registration, anyway they need to assessed as a for profit entity. What submissions did you make during the reassessment?
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
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Foreign lottery ticket bought online from India: legality, tax and consequences
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Gift Received from nonblood relative
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
