Non-Filing of ITR
Ashish Jain (Student) (191 Points)
06 December 2018Ashish Jain (Student) (191 Points)
06 December 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(173203 Points)
Replied 06 December 2018
1. The complience of 10 lakhs cash deposits/transactions is required to be solved, independently. ITR for AY 2015-16 cannot be filed now.
2. Yes, you may file ITR for AY 2018-19, with late fees. Check for audit complience.
Ashish Jain
(Student)
(191 Points)
Replied 06 December 2018
Puja Sharma
(CA)
(433 Points)
Replied 06 December 2018
1. ITR for FY 17-18 to be filed with late fees. Please check if the
a. Turnover is more than Rs. 1 crores;
b. Turnover is less than 2 Crores(if 44AD is applicable) and profit is less than 8%
then Audit was required.
2. The non compliance for the earlier periods cannot be complied now. But it will be good if you prepare b.sheets for all these periods and keep them ready. In case you receive form AO then you can file your returns.
3. Compliance in relation to Rs. 10 Lakhs cash deposit may be comlied now.
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