ITR filing by a Trust

This query is : Resolved

nagaraja (Querist)
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09 February 2011 Dear All,

A trust has not yet filed it's ITR for the year 2008-09 and 2009-10. When we went for submitting ITR for both the years to department, they asked Rs. 30,000 as penalty.
Its tax payable is NIL. Income is around Rs.10,000 after deducting expenses for both the years.
can anybody confirm how much penalty can department levy for delay in submit the ITRs????

Guest

Guest (Expert)

09 February 2011 Have you filed the return or ithese are pending.

nagaraja

nagaraja (Querist)
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09 February 2011 pending...not yet filed

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Guest

Guest (Expert)

10 February 2011 No body can ask you deposit penalty in advance.