Tax audit report late filing
This query is : Resolved
15 November 2015
One of My clients has not filed tax audit report till date of which due date was 30th Oct 2015.
Can he filed now without penalty of rs 150000 or 0.5 %
If yes wats the procedure for the same?
any genuine reason from which penalty cannot be lieved
Can he filed now without penalty of rs 150000 or 0.5 %
If yes wats the procedure for the same?
any genuine reason from which penalty cannot be lieved
Amol S Joglekar
(Expert)
15 November 2015
he has to pay the fine. You can up;oad the form and return and then wait for the order by department to pay the fine. Fine?
Message likes :
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15 November 2015
Any genuine reason for non levy of penalty for late filing of tax audit report.
otherwise he will not file tax audit report if penalty will be leivable
otherwise he will not file tax audit report if penalty will be leivable
Amol S Joglekar
(Expert)
16 November 2015
No. It is leviable.
You can try of dropping the same by the CIT u/s 264
You can try of dropping the same by the CIT u/s 264
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