Late fine for filing ITR

Dear Sir(s)/ Madam(s),

As per Section 139 (1), a Partner of a Firm  (whose Accounts is subject to Tax Audit u/s 44AB), can file his Income Tax Return by 31st October. But, while filing ITR-3  for AY 2022-23 of a Partner of a Firm ( which has filed ITR along with Tax Audit Report on 23/10/2022) , it shows a fine of Rs. 1,000/- for late filing of Return. How to address the situation.

Replies (4)
Quick Summary
A partner in a firm subject to tax audit usually has until October 31st to file their Income Tax Return (ITR). However, one user encountered a £1,000 late filing penalty when submitting an ITR-3 for AY 2022-23, even though the firm's ITR and tax audit report were filed on October 23rd. The discussion seeks advice on how to resolve this discrepancy and ensure the partner's return is not considered late.

Whether you have declared him as partner of the firm with pan details of the firm?

Whether you have selected that the firm is liable to tac audit?

Whether you have filed ITR 3 with declaration of shares of the partner in firm?

Thanks for your valued advice.

You are welcome ...                  

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