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Cant filed return on due date for a.y. 12-13

Hsekar Kumar (Accountant) (50 Points)

02 October 2012

I has a party which is concern with audit u/s. 44-ab for A.Y. 2012-13 and audit dated is before 30 september. but. i cant filed return before due date. so, how can i? so which type of penalty and interest on it..?

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5 Replies

Varshit Shah (Self Employed) (676 Points)
Replied 02 October 2012

Penalty is : Half % of Turnover or 150000 whichever is lower.

Int. u/s 234A is also to be levied.

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U S Sharma (glidor@gmail.com) (21063 Points)
Replied 02 October 2012

chek if audit report 3CD is submittted to department on time,

Hsekar Kumar (Accountant) (50 Points)
Replied 03 October 2012

Its a proprietorship. so, i think 3cd not mandotory to submit in department.

Varshit Shah (Self Employed) (676 Points)
Replied 03 October 2012

@ Hsekar

It is mandatory for every assessee who is under audit to submit their Audit Report. But now a days due to Efiling we submit this report in ITR itself.