Sir I have obtained my Service Registration No. on 08/01/2013.
I want to file return of quarter July-September,2012 in current period. For the given return original due date was 30/04/2013. Is it possible to file return now? What is the amount of penalty for it?
It is to be noted that for the period July-September,2012 tax liability is 23,41,634/- and we have already paid tax of Rs. 10,30,000/- on 07/02/2013 and Rs. 10,30,000/- on 13/02/2013.
Sir,
In my view parawise reply given below;
01. Provision of Section 75 on interest @ 18% w.e.f. 01/04/2011 from till date.
02. Provision of Section 70 on Delay Return. The fee to be paid is as bellow;
a) Delay of 2 days Rs. 500/-
b) DElay of 20 days Rs. 1000/-
c) Delay of 35 days Rs. 1000/-+500 @ 100 per day = Rs. 1500/-
d) Delay of 40 days Rs. 2000/-
e) Delay of 365 days Rs. 20000/- is maximun
Further if any quieries plz forward the same.
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