Last date of filling of income tax return.
This query is : Resolved
28 September 2011
Dear Sir,
what will be happened if we do not file income tax return by 30.09.2011.
in case of company and individual whose return is required to be audited
Thanking you
what will be happened if we do not file income tax return by 30.09.2011.
in case of company and individual whose return is required to be audited
Thanking you
28 September 2011
The penalty u/s 271B will be levied which is 1/2% of turnover or Rs. 150000 which ever is less.
28 September 2011
Also, You cannot carry forward losses.
If taxes have not been depoaited before 30.9, interest under Section 234A shall be levied for late filing of return.
If taxes have not been depoaited before 30.9, interest under Section 234A shall be levied for late filing of return.
28 September 2011
In view of the specific provision contained in sec. 273B, no penalty shall be imposable u/s.271B on the person or the assessee, as the case may be, for any failure referred to in the said provisions if he proves that there was reasonable cause for the said failure.
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