Form 3CEAB

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Accountant
14 Points Joined June 2016

Hi Sir/Madam

If any entity filed form 3CEAB after due date , can that entity can file form 3CEAA or not ?

 

Thanks 

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On 22 November 2024 at 20:02 Report
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Master in Accounts & high court Advocate
9434 Points Joined December 2011

Form 3CEAB is a declaration form for entities that have undertaken transactions with related parties during the financial year.

If an entity has filed Form 3CEAB after the due date, it may still be possible to file Form 3CEAA, but there are certain conditions and consequences to consider:

1. Late fees: Filing Form 3CEAB after the due date may attract late fees and penalties.

2. Consequences of late filing: The entity may face consequences such as scrutiny, audit, or even prosecution for late filing.

3. Eligibility to file Form 3CEAA: If the entity has already filed Form 3CEAB, albeit late, it may still be eligible to file Form 3CEAA.

However, this depends on the specific circumstances and the discretion of the tax authorities. To file Form 3CEAA, the entity must meet the eligibility criteria and ensure that:

1. Form 3CEAB was filed, albeit late.

2. The entity has taken prior approval from the tax authorities for filing Form 3CEAA. 

1. Assess the impact of late filing of Form 3CEAB.

 2. Determine eligibility to file Form 3CEAA.

3. Ensure compliance with all relevant regulations and filing requirements. 

Please note that the tax laws and regulations are subject to change, and the specific circumstances of the entity will determine the best course of action.

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On 22 November 2024 at 21:04
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Accountant
14 Points Joined June 2016

Thanks for response sir 

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On 22 November 2024 at 21:37


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