Menu
TAR LATE FILING PENALTY
TAR LATE FILING PENALTY
Replies (5)
If a taxpayer who is liable to get a tax audit done but defaults in doing so, a penalty is charged on the taxpayer. The penalty that is levied on him or her is of the following: 0.5% of the total sales or gross receipts or turnover. Rs 1,50,000
Tq sir, compalsary or
On demand from department
It can be waived if reasonable cause is shown
One has to keep in mind the penal provisions and file the TAR and ITRs on time
Recent Topic
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
Related Topics
CAclubindia
