Is there any charges or penalty for late filing of income tax return.?
Is there any charges or penalty for late filing of income tax return.?
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
96
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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