05 October 2008
Hello , I want to what are the consequenses of non filing of return on 30/9/2008 of an company assesse & a propritorship concern covered under tax audit. If the audit report is signed before the due date. Till what date we can submitt it.
06 October 2008
If you have the tax audit report available as on 30th september 2008 in respect of accounts for 2007-08, but only you have not filed return on due date, interest on rax due if any will be applicable upto filing on or before 31st March 2009. There after penalties will also be applicable.
11 October 2008
Return filed after this date ll be treated as belated return and therefore cannot be revised later. Moreover if u have any losses then such losses cannot be carried forward