Filing of return after 30.09.2012
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 September 2012
I wanna know whether spices like cardamnon are chargeable to excise duty or not?
With reference to spices defined in chapter 9
With reference to spices defined in chapter 9
28 September 2012
Dear Member,
in case of audit if i am not file return before 30.09.2012 that what will be the result.....
Plz confirmed
ASAP...
Plz
in case of audit if i am not file return before 30.09.2012 that what will be the result.....
Plz confirmed
ASAP...
Plz
28 September 2012
there will be penalty of 0.5% of turnover.
30 September 2012
Dear Rahul,
The assessee has just to obtain the TAX audit report. The return can be filed even after 30/09/2012. Penalty of 0.5% of turnover will not be applied if the assessee obtains the TAX Audit Report
The assessee has just to obtain the TAX audit report. The return can be filed even after 30/09/2012. Penalty of 0.5% of turnover will not be applied if the assessee obtains the TAX Audit Report
03 October 2012
Dear CA Prikshit, please note that Section 271B provides that where an assessee fails to furnish a report as required u/s 44AB, penalty shall be levied.
Section 44AB provides that the report is to be furnished by the due date of filing the return.
Section 271B read with Section 44AB makes it clear that penalty shall be levied if the audit report is not furnished by the due date of filing the return, i.e., 30th September.
Penalty will be 0.5% of turnover/gross receipts or Rs. 1,50,000 whichever is less.
Further, the assessee is NOT allowed to carry forward the business loss.
Section 44AB provides that the report is to be furnished by the due date of filing the return.
Section 271B read with Section 44AB makes it clear that penalty shall be levied if the audit report is not furnished by the due date of filing the return, i.e., 30th September.
Penalty will be 0.5% of turnover/gross receipts or Rs. 1,50,000 whichever is less.
Further, the assessee is NOT allowed to carry forward the business loss.
15 September 2013
Dear Siddhartha, As per the circulars issued by ITD, TAR was only to be obtained and not furnished anywhere. Further, nothing was to be attached with ITR. Then where to file TAR ??
So 271B upto A.y 2012-13 could not be levied on non furnishing TAR. TAR was only to be obtained.
So 271B upto A.y 2012-13 could not be levied on non furnishing TAR. TAR was only to be obtained.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- ITR 6 Schedule CFL and UD Issues
- FREELANCING ACCOUNTANT
- Not a CA , can we prepare balance sheet
- GST Form ADT-02
- TCS ON SOFTWARE SALES
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- NR GST NUMBER
- TDS on purchase of value vouchers for employees ?
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
