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CA Manish K Dhoot (CA, B. Com, NCFM, CPCM)     12 December 2008

Late Income tax return

 Is there any charges or penalty for late filing of income tax return.?



 3 Replies

madhur gupta

madhur gupta (student/article )     12 December 2008

yes u have to pay interest under sec.234a,b,c

n if ur liable for audit then .5% of turnover or rs.100000 whichever is lower

rest confirm it from ur c.a.also


prabhat (student)     13 December 2008



srilakshmi (ca final)     09 January 2009

234A is applicable for the late filling of return

1% for every month or part of the month from the due date of the filing the return to the date when it is actually filed 

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