Rajib Saha (Accounts Officer) (239 Points)
27 October 2022Dear Sir(s)/ Madam(s),
As per Section 139 (1), a Partner of a Firm (whose Accounts is subject to Tax Audit u/s 44AB), can file his Income Tax Return by 31st October. But, while filing ITR-3 for AY 2022-23 of a Partner of a Firm ( which has filed ITR along with Tax Audit Report on 23/10/2022) , it shows a fine of Rs. 1,000/- for late filing of Return. How to address the situation.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177741 Points)
Replied 27 October 2022
Whether you have declared him as partner of the firm with pan details of the firm?
Whether you have selected that the firm is liable to tac audit?
Whether you have filed ITR 3 with declaration of shares of the partner in firm?
CAclubindia
