Penalty notice
This query is : Resolved
Dinesh Gautam
(Querist)
28 September 2017
If income tax officer impose penalty on ground of not maintaing books of accounts of f&o trades and not filing audit report.Can I file appeal against penalty and what is probality of reducing penalty.I incured loss in that financial year and I did not report loss .
Nikhil Kaushik
(Expert)
30 September 2017
you can always appeal against a penalty order but you should have grounds to justify your claims. Only if you could prove your bonafide intentions, there would be any chance of reduction/cancellation of the penalty
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
