Dear Sir,
Please tell me about Penalty on late return filling of Partnership firm which is not comes under tax audit, please give me reply as soon as possible ,
Thanks
Brajendra Kumar Baghel
Menu
Penalty on late return filling of partnership firm
Replies (1)
Please specify the financial year for which you are filing return.
If the Financial year is 01/04/2012 to 31/03/2013 (2012-13), the the return should be filed by 31st March 2014 and tax should be paid with interest.
If it is filed after that time, Penalty of Rs 5000/- u/s 271F will be leviable if there was no reasonable cause for delay.
Recent Topics :
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
Related Topics :
CAclubindia
