Tax audit report / income tax return


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Querist : Anonymous (Querist)
21 November 2014 OUR CLIENT IS AUDITED U/S.44AB. THE AUDIT REPORT IS TO BE FILED BEFORE 30TH NOVEMBER, 2014. WE ARE GOING TO FILE INCOME TAX
RETURN WITH TAX AFTER 30TH NOVEMBER, 2014 (DUE DATE). THE REASON IS THE ASSESSEE IS IN FINANCIAL CRISES.

IS THERE ANY PENALTY REGARDING LATE FILING OF INCOME TAX RETURN AND PAYMENT OF INCOME TAX AFTER DUE DATE.





21 November 2014 No penalty per se. Take care of 234

22 November 2014 NO PENALTY AT PRESENT.


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