IT return of an Individual
This query is : Resolved
06 December 2010
Dear Mr. Sanat Pyne ! Actually the case related to the A. Y. 10-11. Assessee's accounts has not been audited & not filed before 15-10-10( Due Date). it is a matter of Tax Audit since the turnover is around Rs.2 crores. Rs 1laks penalty is for what ?
Non audit or not filing of IT Return. If audit has been done before due date & return has not been filed , then what is the Penalty?
Non audit or not filing of IT Return. If audit has been done before due date & return has not been filed , then what is the Penalty?
06 December 2010
for non audit Penalty u/s 271B will be levid.
if audit has been done and you will file the return within 31.03.2011,then there will be no penalty.
if audit has been done and you will file the return within 31.03.2011,then there will be no penalty.
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