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ITR filing for A.Y 2019-20

Nidhi (Chief Accountant) (3150 Points)

26 September 2020

Private Limited company incorporated in F.Y 2018-19, not filed ITR for F.Y 2018-19 and also having turnover more than 2 crores, tax audit also pending !!

How to we proceed further, as tax audit pending, statutory audit also pending...can we file return without audit as last date is 30th September only?

plz Give your valuable suggestions, it's urgent

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4 Replies

CA Raj Doshi (Practising CA) (8723 Points)
Replied 26 September 2020

Get the statutory audit and tax audit done. Return cannot be filed without audit. If management supports, then it can be done in 4 days also I.e by 30th Sept.

Nidhi (Chief Accountant) (3150 Points)
Replied 27 September 2020

But our CA not responding.
What is penalty and other consequences, if we are not able file income tax return and tax audit within this due date ?

CA Raj Doshi (Practising CA) (8723 Points)
Replied 27 September 2020

Penalty of 1.5 lakhs already will be charged during scrutiny proceedings for non filing of tax audit report within time even if you file before 30th sept 2020.

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Nidhi (Chief Accountant) (3150 Points)
Replied 27 September 2020

After September can we Mannualy file income tax return with deportment ? or we have to wait for non filing notice and than file against that notice.
What is penalty for non filing ITR?

1 Like