REGARDING LATE PAYMENT
This query is : Resolved
17 March 2011
DEAR SIR.
PLEASE EXPLAIN ME REGARDING LATE PAYMENT OF 140 A TAX FOR PREVIOUS YEARS, WHAT IS THE PENALTY UNDER INCOME TAX ACT
PLEASE EXPLAIN ME REGARDING LATE PAYMENT OF 140 A TAX FOR PREVIOUS YEARS, WHAT IS THE PENALTY UNDER INCOME TAX ACT
17 March 2011
The penalty can be imposed from time to time to the extent of the tax in arrears and can be imposable even if the tax has been paid after the default in payment has occurred. Pl refer section 221(1) of the Income tax Act,1961 for full details.
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- ITR returnFY25-26
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
