Hi dear all

YOU MUST HAVE COMPLETED THE AUDIT ALONG WITH RETURN BEFORE 30 SEP. 2014.

NOW NOTICE CAN BE ISSUED TO YOU U/S 142(1) REQUIRING  YOU TO FURNISH RETURN ALONG WITH AUDIT REPORT IN FORM 3CB+ FORM 3CD.

MOREOVER PENALTY CAN BE IMPOSED U/S 271B OF THE AMOUNT EQUAL TO 0.5 % OF TOTAL TURNOVER OR RS. 1,50,000.

IF THERE IS LOSS IN THE YEAR 2013-14 THAN YOU WILL NOT BE ABLE O CARRY FORWARD IT.

MY ADVICE IS GET THEM AUDITED AND FILE THE RETURN AS SOON AS POSSIBLE WITHOUT WAITING FOR NOTICE U/S 142 (1).