Very very urgent ????
This query is : Resolved
19 December 2012
is possible to file return after 30 sep 2012 for a client whose total turnover 47 lakh and tcs amt is 42000 and maintain proper books of account without penalty us 271B
Dintakurthi Tirumala
(Expert)
19 December 2012
Yes, he can file his return of income upto 31-3-2013 with out penalty as well as upto 31-3-2014 to claim TDS U/s 139(4). In case return filed after 31-3-2013 AO may impose penalty u/s271B but not must and should. In your case assessee has TCS credit so Penalty u/s271B also may not impose eventhough you filed after 31-3-2013.
So in one word the assessee can file his return of income upto 31-3-2014 as belated return u/s139(4) and can claim tcs credit and refund or tax adjustment with out paying penalty.
OM SAI SRI SAI JAI JAI SAI
So in one word the assessee can file his return of income upto 31-3-2014 as belated return u/s139(4) and can claim tcs credit and refund or tax adjustment with out paying penalty.
OM SAI SRI SAI JAI JAI SAI
21 December 2012
Thanks
whether he require to signed audit report up to 30th sep 2012
whether he require to signed audit report up to 30th sep 2012
CA Harish Suwalka
(Expert)
26 January 2013
yes the asesse has to get his accounts audited befor 30th sept to avoid penalties
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