Query
This query is : Resolved
Rahul Patel
(Querist)
29 March 2014
One of our client, being a partnership firm, has started its business during F.Y.2011-12.
such firm is not liable to go for tax audit. also no income tax return has been filed for the said Financial year.
So whether we can file the return for 2011-12 today?
and what are the consequences for late filing of such return?
such firm is not liable to go for tax audit. also no income tax return has been filed for the said Financial year.
So whether we can file the return for 2011-12 today?
and what are the consequences for late filing of such return?
Nikhil Kaushik
(Expert)
29 March 2014
return can be filed upto 31 March 2014.
the penalty for late filings can levied given that firms are compulsorily required to file returns,
the penalty for late filings can levied given that firms are compulsorily required to file returns,
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