Please kindly let me know about penalty for late filing of form 3ca 3cd for small companies for financial year 2020-21.
Thanks in adv.
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Quick Summary
This discussion seeks clarification on penalties for small companies that filed their Form 3CA/3CD for the financial year 2020-21 late. The query highlights that the Assessing Officer (AO) can impose a penalty of up to Rs. 1,50,000 for non-filing. The user is specifically asking about the consequences of filing after the original due date.