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K P BHANUSHALI (PROPRIETOR)     10 July 2010

E-FILING OF ITR-4 & ITR-5

What are the consequenses if  someone do not E-File ITR-4 & ITR-5 if he/they are under Tax Audit?

Kindly reply

Regards



 2 Replies

CA Amit Kumar Khaitan

CA Amit Kumar Khaitan (Research Analyst)     10 July 2010

There are specific penal provisions for

Not filing return before end of the A.Y- Rs 5000 (271F)

Not submitting the Audit report by due date

etc

 

THIS IS NOT A COMPLETE ANSWER PLEASE WAIT FOR OTHER REPLIES

NiTiN JAiN

NiTiN JAiN (TAX CONSULTANT & CA FINAL STUDENT)     12 July 2010

As per the latest press release by IT deptt. dt 12-07-2010 every person whose accounts are audited is required to file his return electronically. It is now mandatory for such person whose accounts are audited u/s 44AB. If such an return is not e-filed then the phisical return may be treated as invalid return.


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