Return file
This query is : Resolved
11 September 2013
DEAR SIR,
I WANT TO KNOW THAT CAN I FILE MY FRIEND'S IT RETURN FOR ASSESSMENT YEAR 2010-11,2011-12,2012-13 & 2013-14 WHAT IS THE PENALTY OF LATE FILING OF INCOME TAX RETURN? INCOME IS FROM BUSINESS PROMOTION AND HE DID NOT MAINTAIN BOOKS OF ACCOUNTS HE HAS RECEIVED NOTICE FROM INCOME TAX DEPARTMENT HIS TDS DEDUCTED U/S.194C FOR EVERY YEAR PLEASE GUIDE US THANKS
I WANT TO KNOW THAT CAN I FILE MY FRIEND'S IT RETURN FOR ASSESSMENT YEAR 2010-11,2011-12,2012-13 & 2013-14 WHAT IS THE PENALTY OF LATE FILING OF INCOME TAX RETURN? INCOME IS FROM BUSINESS PROMOTION AND HE DID NOT MAINTAIN BOOKS OF ACCOUNTS HE HAS RECEIVED NOTICE FROM INCOME TAX DEPARTMENT HIS TDS DEDUCTED U/S.194C FOR EVERY YEAR PLEASE GUIDE US THANKS
12 September 2013
he can not file return for AY 10-11, 11-12.
but if notice is received for the same then he needs to file in response to notice. penalty up to Rs. 5,000 can be levied.
but if notice is received for the same then he needs to file in response to notice. penalty up to Rs. 5,000 can be levied.
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
