If a partnership firm has got its books of accounts for F.Y. 2009-10 audited before 30th Sept. 2010, but e-file the income tax return after 30th September, then waht will be the interest and penlty for it?
The partnership firm will be claiming refund of TDS.
as partnership firm has to claim refund ther is no penality except there may be penality u/s 271f if return is filed after 31.03.2011. these days there is need to send the tax audit report alongwith itr . hence u have only to get the accounts audited before 30.09.2010 to avoid penality u/s271b.in this case u have done.
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