Late penalty notice received in audit case
Ankush (Student) (1374 Points)
07 November 2019
Individual is partner in firm liable to audit still notice for penalty is received
9 Replies
Kapadia Pravin
(17264 Points)
Replied 07 November 2019
Even though partnership firm is under 44AB,
the due date of return filing for working partner only will be 31-10-2019.
For all other non-working partners , the due date of return filing will be 31-8-2019.
And hence late fee will be levied based on above.
the due date of return filing for working partner only will be 31-10-2019.
For all other non-working partners , the due date of return filing will be 31-8-2019.
And hence late fee will be levied based on above.
CHAVDA SANJAY MANSUKHBHAI
(proprietor)
(402 Points)
Replied 07 November 2019
please enter capital of partner and whether the firm is liable to audit? tick yes.
rectify the X M L and file rectification apllication.
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 07 November 2019
In case of audit of firm, the working partners due date is 31.10.2019( extended due date with 234A applicable for AY 2019-20).
While filing the ITR as rightly stated there must be tick on the check box that the firm is liable to audit.
While filing the ITR as rightly stated there must be tick on the check box that the firm is liable to audit.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 07 November 2019
Yes... I Agreed to Miss CA Mansi Bhojani view...
After a Long time I see You Miss CA Mansi Bhojani Madam...
Welcome to CCI....
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 07 November 2019
Yes sir.
Thank you so much.
Hope you are doing well .
It's always been a privilege to get knowledge from your experience and learnings.
Thank you so much.
Hope you are doing well .
It's always been a privilege to get knowledge from your experience and learnings.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 07 November 2019
You are most welcome Dear...
Also Thank You so much for Your feedback...
Keep it up... Continue Your supports to CCI Family...
GOOD LUCK FOR YOUR SUCCESS...
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 07 November 2019
Thanks a lot sir☺️
yes I'll always try doing it.
Thanks a lot for your kind words.
yes I'll always try doing it.
Thanks a lot for your kind words.
Kapadia Pravin
(17264 Points)
Replied 14 November 2019
@ Ankush
if your query related to working partner then late fee will be cancelled by CPC and fresh intimation will be issued by CPC. ( As clarified by CBDT dt 13.11.2019)
if your query related to working partner then late fee will be cancelled by CPC and fresh intimation will be issued by CPC. ( As clarified by CBDT dt 13.11.2019)
Ankush
(Student)
(1374 Points)
Replied 14 November 2019
So in case of non working partner penalty will be levied?
But amount of interest etc to be credited is finalized at the time of audit.
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