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.
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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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