Audit case return file after 31 march 2014

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 July 2014 RESPECTED SIR,

ONE OF MY CLIENT FORGOT TO FILE THERE INCOME TAX RETURN FOR A.Y. 2013-2014, HIS TURNOVER IS MORE THEN 1CRORE. HE IS UNDER AUDIT CASE BUT NOW THE LAST DATE OF AUDITED E-FILE IS 5 OCT 2013 AND BALANCE SHEET UPLOADED UPTO 31.10.2013.

NOW I WANT TO KNOW THAT WHEN I FILE HIS RETURN AFTER Tax Audit under Section 44AB above Rs 1 Crore. WHAT HAPPEN WITH THIS CASE, THERE IS A PENALTY, OR ANY OTHER RELATED PROBLEM MY CLIENT WILL FACE.

THANKS IN ADVANCE

01 July 2014 int will be imposed along with penalty

02 July 2014 penalty for late filing of b/s and audit report impose by the deptt.




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