Roi
This query is : Resolved
anshulgoel
(Querist)
01 October 2011
please tell me that on not filing ROI on either 30th sep. or 31st july..,the following consequences happen:::
1) loss of that particular year is not carried forward
2) if tax is payable then interest is charged
3) if refund is to be claimed then also interest is charged
4) deduction from GTI can not be claimed
So....., under what sections deduction is not allowed
Please answer me in detail....!!!
1) loss of that particular year is not carried forward
2) if tax is payable then interest is charged
3) if refund is to be claimed then also interest is charged
4) deduction from GTI can not be claimed
So....., under what sections deduction is not allowed
Please answer me in detail....!!!
Preety Parik
(Expert)
01 October 2011
1) Consq 1 in the querry - correct
2) Consq 2 - correct
3) consq 3- wrong, if refund due, no int charged ( however if there is int u/s 234C, the same will apply)
4) consq4- wrong. Deduction under Chapter VIA can be claimed.
2) Consq 2 - correct
3) consq 3- wrong, if refund due, no int charged ( however if there is int u/s 234C, the same will apply)
4) consq4- wrong. Deduction under Chapter VIA can be claimed.
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