Amrit Singh (Killer Stud[ent]) (751 Points)
31 May 2017Dear Members,
One of my client has defaulted in filing Financial Statement in Form AOC 4 and Annual Return in MGT 7.
While Filing the same I have been instructed to pay penalty of Rs. 3600 for Each form for along with Fees of Rs. 300.
Can I get relief from such above penalties?
If Yes, What is the Procedure?
Please Inform. Thanks.
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 31 May 2017
There is no provision to get relief from normal fee and additional fee.
CS Vivek Sharma
(Practising Company Secretary)
(422 Points)
Replied 01 June 2017
Dear Sir,
There is no procedure to get relief from such penalty. you have to pay the penalty amount on account of late filing of return. Which are 12 times of additional filing fee + normal filing fee.
Regards
Vivek Sharma
Partner
Sharma Barai & CO. LLP
7772801890
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 01 June 2017
CAclubindia
