Itr5 error

Page no : 2

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 09 January 2021

Yes you are right

Jyoti Narang (Kkk) (1204 Points)
Replied 09 January 2021

Ok thanks dear i was very much tensed bcz its new for me and u helped me alot.thanks u

1 Like

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 09 January 2021

Ur welcome

Rajesh Gupta (13 Points)
Replied 13 January 2021

Take value as per Balance sheet further since it is first time Audit you may pass rectification entry where required

N GANESHAN CA final (Regd Tax practitioner [IT and GST] & ATC [ICAI]) (2 Points)
Replied 13 January 2021

have yOU adopted sec 44AD for the preceding FY?

Jyoti Narang (Kkk) (1204 Points)
Replied 13 January 2021

It was a mistake by someone not by me

mousumi chakraborty (tax lawyer) (3 Points)
Replied 13 January 2021

If income tax audit report is not filled within due date..what are the penalties are imposed

Mili Haria (Business) (88 Points)
Replied 14 January 2021

Non filing of tax audit report would attract a penalty of 0.5% of turnover or Rs. 1,50,000/- whichever is lower.

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