Reg: Income Tax Penalty

Dear sir,

I have filed my Income tax audit report before 31st October, but unfortunately I have not filed my ITR 3.
is IAM liable to pay penalty
of Rs. 1,50,000/- or 0.5% of Turnover


please need urgent
Replies (4)
Which itr you hv filed ?
nature of business
turnover of the company.
ITR 3 & TURNOVER MORE THAN 1CRORE
In so far as 44AB penalty is concerned, you will not have to pay.

But file ITR 3 immediately with Late fee under 234F

Hope you must have eVerified 44AB audit report.
Penalty is there over
and late fee is there.
Sec 234F with late fee

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