WHEN AN ENTERPRISE IS LIBLE FOR AUDIT U/S 44AB WHOSE TURNOVER IS 1.5 CRORE.
LIBLE FOR EFILE OF INCOME TAX RETURN BUT RETURN NOT FILED UNDER THE TIME GIVEN BY DEPARTMENT.
WHAT REMEDIES AVAILABLE. AND PENELTY AMOUNT .
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Return not filed
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Penality may leave @ 5% on gross turnover with maximum limit of Rs.100000.
OM SAI SRI SAI JAI JAI SAI
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