Penalty on late return filling of partnership firm

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Accounts Manager
26 Points Posted on 31 October 2013

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

 

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On 31 October 2013 at 18:09 Report
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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.

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On 01 November 2013 at 11:22

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