Shamita (Learner) (410 Points)
24 September 2010If a partnership firm has got its books of accounts for F.Y. 2009-10 audited before 30th Sept. 2010, but e-file the income tax return after 30th September, then waht will be the interest and penlty for it?
The partnership firm will be claiming refund of TDS.
Joey Tribbiani
(fdg)
(2010 Points)
Replied 24 September 2010
vijay singla
(learner)
(340 Points)
Replied 25 September 2010
as partnership firm has to claim refund ther is no penality except there may be penality u/s 271f if return is filed after 31.03.2011. these days there is need to send the tax audit report alongwith itr . hence u have only to get the accounts audited before 30.09.2010 to avoid penality u/s271b.in this case u have done.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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