Mahabaleshwara Rao (director) (197 Points)
03 May 2011An individual have received technical consultation charges from Singapur company during 2008-09 of around 40000 dollars. He is a resident indian for the year 2008-09. No TDS is made by Singapur company while making payment. What are the tax liability in INdia. Whether sec. 44 AB of the IT Act applies to this case. What is the penalty for belated filing of return of income.
Thanks in advance
Harpreet
(* * * * * *)
(1670 Points)
Replied 03 May 2011
For belated income tax return, the department will send you demand letter of Rs. 5000/- if you file the same for FY 2008-09.
CAclubindia
