What happens if not file ITR for Asst Year 2019-20

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27 Points Posted on 31 March 2021
My friend Turnover is 1.50 crores, what in happens if he doesnot file it return
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On 31 March 2021 at 16:19 Report
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If you haven't filed your Income Tax Return (ITR) for Assessment Year 2019-20, you've missed the deadline. For turnovers exceeding ₹1 crore, a tax audit might have been applicable. You may face penalties, such as a ₹10,000 fine, and late filing is no longer possible for this period.

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Chartered Accountant
24588 Points Posted on 31 March 2021
Pay penalty of 10000 rupees and if subject as turnover exceeds 1 crores rupees tax audit may be applicable
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On 31 March 2021 at 16:50
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17269 Points Posted on 31 March 2021
AY 2019-2020 return last date of filing gone long back. You can not file now
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On 31 March 2021 at 18:35

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