notice u/s 133(6)
if deadline for reply not met, then whether penalty as per notice of rs. 100 per day will be charged.
Failure to comply with notice can lead to penalty
of Rs 100 for every day of delay under 272A
4 Replies
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 23 September 2019
1. Notice u/s 133(6) deals with calling for information by the specified officer. It is to be noted that such information is to be submitted within a time limit given in the notice.
2. Failing to reply to a notice will attract a penalty u/s 272A(2) of Rs. 100 for every day during which the default continues. This will be applicable to the assessee or any person who has information about the assessee. Even if no such transaction had taken place still reply is a must.
3. Yes, you are right, penalty of Rs.100 u/s 272A(2) will be charged on the person to whom notice was sent.
Please correct me if the above solution has an alternative view.
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 23 September 2019
Yes they are officers having authority to send notice.
Recent Topics
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
- Submit ommited invoice of previous year
- Need your valueble insight
- GSTR-9 Invoices
- Agricultural Business Loss
Related Threads
CAclubindia
