Regarding audit

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mohd (Querist)
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01 October 2013 if audit report is filed by c.a. & income tax is not filed by advocte is their any penalty on assesse till 30 sep

V K Bajaj

V K Bajaj (Expert)
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02 October 2013 Till 30th Sept there is no penalty.

After 30th Sept there will be a penalty for late e-filing of ITR but the system does not allow to e-file ITR with Tax as Payable.

However, if there is a LOSS then this LOSS would not be available for any future adjustment.

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