What is penalty for late e-return filling ?
This query is : Resolved
22 August 2012
Respected Experts
What is palalty for late e return filling for salary (92b) or Contractor (194C, 194J, 194I) ?
What is palalty for late e return filling for salary (92b) or Contractor (194C, 194J, 194I) ?
22 August 2012
If there is no tax due on income declared in return, Rs.5k on 271F.
If tax is due then penal interest vide 234A,B,C and penalty under section 271F
If tax is due then penal interest vide 234A,B,C and penalty under section 271F
23 August 2012
I would just like to clarify further that penalty of Rs. 5,000 is shall be applicable if return is filed after the end of AY i.e. 31st march,
23 August 2012
Mr Amol!
Your question is not so clear and on one line but on two lines. Within bracket you have referred it as Income Tax but your mention of 92B, 194C, 194J and 194I hints that you are talking about e-filing of TDS Returns.
But the more clear line is that you are referring for e-filing of TDS Returns. In this case you will e-file Qtrly. Returns without any payment of Late Fee. And later on ITO (TDS) may decide to charge any late fee or not.
In case you are referring Income Tax (though it do seems so) then Mr Motresha has replied correctly.
contact@vkbajaj.co.in
Your question is not so clear and on one line but on two lines. Within bracket you have referred it as Income Tax but your mention of 92B, 194C, 194J and 194I hints that you are talking about e-filing of TDS Returns.
But the more clear line is that you are referring for e-filing of TDS Returns. In this case you will e-file Qtrly. Returns without any payment of Late Fee. And later on ITO (TDS) may decide to charge any late fee or not.
In case you are referring Income Tax (though it do seems so) then Mr Motresha has replied correctly.
contact@vkbajaj.co.in
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- Should I report my US salary for January, February, March in Schedule FA?
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- 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
CAclubindia
