income tax
R.Jayaraman (Finance consultant) (36 Points)
28 October 2017
sir if IT return not able to file 44ab case within due date what is penalty.tilldate .5% not levied
5 Replies
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8742 Points)
Replied 28 October 2017
0.5% of turnover or 1.5L whichever is less
R.Jayaraman
(Finance consultant)
(36 Points)
Replied 28 October 2017
sir till date not levied.only in the act.possible to levy?
R.Jayaraman
(Finance consultant)
(36 Points)
Replied 28 October 2017
sir till date not levied.only in the act.possible to levy?
Ashiwini Ballodia
(Managing Partner at TAXounting)
(8742 Points)
Replied 28 October 2017
Can't understand your reply.
R.Jayaraman
(Finance consultant)
(36 Points)
Replied 28 October 2017
sir penalty not charged for 44ab late filing only in the act .5% penalty.in future possible to charge penalty
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