Menu
Please Suggest the Possible Reply
Is it possible to audit the books of accounts for the financial year 2021-2022 of a business having a turnover of Rs.19652456 crores and file income tax return after 31-12-2022? Will interest and late fees be charged? If the late fee is paid, the return can be filed on the last date
Replies (2)
It is not possible to file ITR after 31.12.2022 for FY 2021-22. The last date is 31.12.2022. If filed before 31.12.2022 but after due date late fee of Rs. 5000 and interest as applicable will be charged.
Non-furnishing of audit report when applicable may lead to return if filed being considered defective under section 139(9). Penalty u/s 271B will be applicable for audit is not done when applicable.
If however a notice is received from the income tax department, ITR can be filed in response to the same even after 31.12.2022.
Ideally, it is advisable to get the tax audit done, then file ITR before 31.12.2022.
Non-furnishing of audit report when applicable may lead to return if filed being considered defective under section 139(9). Penalty u/s 271B will be applicable for audit is not done when applicable.
If however a notice is received from the income tax department, ITR can be filed in response to the same even after 31.12.2022.
Ideally, it is advisable to get the tax audit done, then file ITR before 31.12.2022.
Agree with above reply
Recent Topics :
- TDS on Property - Form 26QB Related
- Capital gains on sale of flat from wife to husband
- TDS filing for the 1st quarter of TY 2026-27
- Login into Old Traces Portal
- Professional Income reporting in ITR-3
- Pf exemption in hand of spouse on demised of husba
- Missed deadline to revise ITR for a foreign asset
- Durga Puja 2026 Dates: Mahalaya, Shashthi to Vijay
- Indo-MIM IPO Allotment Date, Status Check and List
- GSTR 1 filed but GSTR 3 B no filed
Related Topics :
CAclubindia
