if a delear nil tournover not furnished any return from July 2017 till date how much penalty will be levied?
4 Replies
Suresh Pandey
(35 Points)
Replied 04 December 2018
No penalty will be levied, only late fee will be charged.
pavan ...
(2 Points)
Replied 04 December 2018
penalty will be charged only if any tax was payable
in this case the client does not had any tax liability
so only late fees will be charged 20 rupees per day for every month's return
in this case the client does not had any tax liability
so only late fees will be charged 20 rupees per day for every month's return
pritesh
(CA Final student)
(7101 Points)
Replied 04 December 2018
only late fee will be charged rs20 per day.
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 04 December 2018
late fee 20 per day
approx
| rs 99880 |
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