dear all,
is there any due date within which response needs tobe given in ecampaign for high value transactions? pls confirm.
Last date was 31.3.21
If you are liable to pay tax and not file return by the due date, you can’t file return thereafter and proceedings under the Income Tax Act, 1961, may be initiated to determine your income and tax liability. If you get assessment notice, you will end up paying interest and penalty in addition to tax liability.
CAclubindia
