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U/s 139(4)

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SUDHIR GARG

SUDHIR GARG (Querist)
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17 February 2012 can anybody tell me that whether any penalty is levied on belated taxable return?

SANDEEP AGGARWAL

SANDEEP AGGARWAL (Expert)
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17 February 2012 Penalty can be levied if return are filed after the asseassment year i.e. after 31st march of the next year.

Regards,

CA Sandeep Aggarwal

SUDHIR GARG

SUDHIR GARG (Querist)
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17 February 2012 thanx for your reply.......and can you let me know that how many capital can we show as white capital if the capital for rs. 2,50,000 was in the A.Y. 2003 as per audited balance sheet and there is annual income for every year rs. 150000 average. i want to show my white capital for rs. 800000 to 1000000....can i?

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