I hv not deposit composition tax from 1-4-12 nd disolve firm as on 30 sep 2012. Till now i hv not deposit the same tell me the penalty and action to be taken for the same.
1 Replies
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 16 March 2013
Now also you try to file the returns for each month as required,along with penalty,upto 20% of the amount due and interest @ 2%/pm on it..(pl check up the correct rate)
The department may also take assessment of your case seperately. ........mjk
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