Section 125 notice

This query is : Resolved

MOHD SHAHID (Querist)
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28 December 2022 Hello, State jurisdiction officer gave notice u/s 125 for late filing of CMP 08., of composition firm.
whereas CMP 08 is a statement of tax declared on self-assessment basis. Whether CMP 08 can be treated as return, if so, how much penalty can be imposed. Experts attention is invited to clear the position. Thanks and New year wishes.

Dipesh

Dipesh (Expert)
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30 December 2022 Any person, who contravenes any of the provisions of this Act or any rules made thereunder for which no penalty is separately provided for in this Act, shall be liable to a penalty which may extend to twenty-five thousand rupees.

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