under 44 AB of Income Tax

This query is : Resolved

Dhrendra (Querist)
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27 May 2011 For Asst. year 2010 – 11 a proprietary concern covered under 44 AB of Income Tax return filed manually ( in paper form ) it was filed in time and along with 44 AB report.

Now as he was required to file return of income in E – form which he has not done.

I request you to give your opinion on followings.

1.What we can do in such situation ?
2.Will it invalidate Income Tax return filed manually ?
3.Can we file return of income in E form now ?
4.Will it attract any penalty under Sec. 271 B or under any section of Income Tax Act?

Kindly advice on above matter & oblige

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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27 May 2011 1. THE AO CAN TRAET THE RETURN AS NON-EST
2. U SHLD FILE RETURN ELECTRONICALLY NOW
3. PEANLTY UNDER SECTION 271B ATTRACTED IF U FAIL TO GET AUDIT REPORT IN TIME THE FILING OF AUDIT REPORT IS NOT COMPUSORY NOW IN VIEW OF ANNEXURE LESS RETURN

CA MANOJ GUPTA
JODHPUR
09828510543