I hv not deposit composition tax from 1-4-12 nd disolve firm as on 30 sep 2012. Till now i hv not deposit the same tell me the penalty and action to be taken for the same.
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 16 March 2013
Now also you try to file the returns for each month as required,along with penalty,upto 20% of the amount due and interest @ 2%/pm on it..(pl check up the correct rate)
The department may also take assessment of your case seperately. ........mjk
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