The penalty u/s 272a(2)(k) of the i t act.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2013 Sir

Good Evening.

I filed late returns of TDS thru e-filing for F.Y. 2008-2009 for my friend. Now a penalty u/s 272A(2)(K)imposed on 03.11.2013. Today we filed the receipts of Returns efiled.

Our reply was that our old accountant was left the job and new accountant was joined after 1 year and the assessee has no proper knowledge of Income Tax.

Sir, please advise me a suitable reason for late filing of returns.

An early response is highly appreciated.

Thanks & Regards

Gaurav Dhir

Nikhil Kaushik

Nikhil Kaushik (Expert)
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21 December 2013 if the delay was less than one year plus that the accountant who left was also the personnel responsible for filing the TDS return, you might be able to get away. Otherwise, might be difficult to avoid the penalty!!

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