Penalty u/s 125 for non filing of 3b return
This query is : Resolved
26 January 2025
Dear Sir,
Whether penalty u/s 125 can be exercised for non filing of 3b returns? Returns is nil return and filed on the same day of issuing notice.
Please clarify.
Whether penalty u/s 125 can be exercised for non filing of 3b returns? Returns is nil return and filed on the same day of issuing notice.
Please clarify.
27 January 2025
In my opinion it should not be as there is late fees applicable u/s 47 for delayed filing of 3B.
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