U/s 139(4)
This query is : Resolved
17 February 2012
can anybody tell me that whether any penalty is levied on belated taxable return?
17 February 2012
Penalty can be levied if return are filed after the asseassment year i.e. after 31st march of the next year.
Regards,
CA Sandeep Aggarwal
Regards,
CA Sandeep Aggarwal
17 February 2012
thanx for your reply.......and can you let me know that how many capital can we show as white capital if the capital for rs. 2,50,000 was in the A.Y. 2003 as per audited balance sheet and there is annual income for every year rs. 150000 average. i want to show my white capital for rs. 800000 to 1000000....can i?
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