Tax Audit Filled After Due date
This query is : Resolved
19 November 2007
Is an individual not filled return before the due date? is there any penalty in this case?He is a tax audit Case? Pls reply?
19 November 2007
For asst year 2007-2008 , the ta audit report is to be obtained before due date and is to be furnished as and when required by department.
20 November 2007
Though, as per section 44AB audit report is to be filed on or before due date, penalty u/s. 2B can not be levied as the Board vide its Circular No. 5 (Jul 2007)have promised that no penalty u/s. 271B shall be initiated, if the assesee obtains the audit report before the due date.
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
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- Multiple trade mark
- Transporter Declaration form
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Value of property in capital gain
- Regarding appeal to GSTAT
- Copyright software
- Invoice V/S Goods receipt Note Date
- Form 121 & TDS deduction
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
