REGARDING FORM 29B
This query is : Resolved
Suresh S. Tejwani
(Querist)
13 October 2024
FORM 29B FOR MAT IS MANDATORY TO FILE BEFORE 30TH SEPTEMBER? IF YES, THEN WHAT IS CONSEQUENCES OF LATE FILING THIS FORM?
Dhirajlal Rambhia
(Expert)
15 October 2024
Yes. According to Section 271BA, if you fail to obtain the audit report and file Form 29B before the due date, you will be liable to pay a hefty penalty.
The penalty for late filing of Form 29B can be as high as Rs 1,00,000 in some cases.
The penalty for late filing of Form 29B can be as high as Rs 1,00,000 in some cases.
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