PARTNERS RETURN IN ITR 3 FIRM UNDER 44AB RS 5000
HOW CAN I DO SIR
5 Replies
rama krishnan
(12244 Points)
Replied 17 November 2019
Make your query little more elaborate so as the experts may give you a detailed reply
RAJIB BHATTACHARJEE
(82 Points)
Replied 17 November 2019
SIR I FILLED RETURN FOR ASSESSMENT YEAR 2019-20 IN DUE TIME MY FIRM UNDER SECTION 44AB BUT AS PER ASSESSMENT ORDER DEPARTMENT DEMAND RS 5000 U/S 234F PLZ ADVISE ME SIR
RAJA P M
("Do the Right Thing...!!!")
(128106 Points)
Replied 17 November 2019
No need to pay the late fee. Already CPC give order the same..
Kapadia Pravin
(17264 Points)
Replied 17 November 2019
@ Rajib
The income tax department has admitted its error of charging late fee under 234F while processing ITR of working partners of firms under audit.
The taxman has assured that it will rectify the error on its own and remove the late fee charge.
Note that this is only in respect of WORKING PARTNERS.
So don't worry only if you are a working partner. Then Ignore demand notice for 5000/-.
The income tax department has admitted its error of charging late fee under 234F while processing ITR of working partners of firms under audit.
The taxman has assured that it will rectify the error on its own and remove the late fee charge.
Note that this is only in respect of WORKING PARTNERS.
So don't worry only if you are a working partner. Then Ignore demand notice for 5000/-.
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