Effect of non filling of Return before 30th Sept. 08

This query is : Resolved

Guest

Guest (Querist)

29 September 2008 Hi experts

Ours is a Pvt Ltd comapny covered by provision of 44AB.

We are not in a position to file return before 30th September, 08, however we have already got our accounts audited before the said date.

Can you guide me about the interest or penalty whhich we have to pay for late filing of our income tax return.?

Rohit

CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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29 September 2008 Belated return may be filed till March 31,2009.

There will be penal interest u/s 234B
And Rs.5000 penalty may also be there.

The benefits of 10A & 10B etc will be disallowed

CA Gaurav Khanna

CA Gaurav Khanna (Expert)
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29 September 2008 Belated return can be filed upto 31/3/10 for the a/y 08-09 u/s 139(4).

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CMA Jitendra Singh

CMA Jitendra Singh (Expert)
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29 September 2008 Mistakly ,I wrote 2009 ,gaurav is surely correct,Thanks Gaurav