Tax audit u/s 44 ab of the it act,1961
This query is : Resolved
19 September 2014
My client is to file a loss return u/s 44 AB. According to the openion of various experts it seems that due date for filing of return has not been extended, whether late filing of return along with 3CD (ie between 1st October to 30th November) would attract penalty u/s 271B
Nikhil Kaushik
(Expert)
19 September 2014
there wont be any penalty as long as audit report is filed by 30 nov. however, return is to be filed by 30 Nov. else loss cannot be carried forward.
19 September 2014
return has to filed by 30 sept and not 30 th nov...........
Nikhil Kaushik
(Expert)
19 September 2014
Agreed. I wrote 30 nov.instead of 30 sept wrongly
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20 September 2014
Now it is very clear.I am not taking ant chances. I hank all of you for your kind interaction.May God keep all of us in his abundant advice and care.Thank you
Nikhil Kaushik
(Expert)
20 September 2014
you are welcome Babu.....
22 September 2014
Yes you are welcome ML Babu....
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