Akshata (CA Final ) (324 Points)
11 July 2013HI ALL, OUR COMPANY'S PT RETURN DUE DATE WAS 30TH APRIL (SINCE OUR LIABILITY IN PREVIOUS YEAR WAS LESS THAN RS. 50000)
BUT FOR SOME REASONS, IT COULD NOT BE DONE. NOW RS. 1000 IS BEING SHOWN AS "LATE RETURN FEE". HOW DO WE GO ABOUT THIS?
IF WE GO TO PAY NOW, IT WILL GET QUITE LATE AND WE WONT BE ABLE TO FILE RETURN AT THE EARLIEST (WE WUD BE STARTING AUDIT IN NEXT WEEK AND WANT IT CLEARED BY THEN) IS THERE ANY OTHER WAY OUT?
CA CS Roshan Begrajka
(Chartered Accountants)
(267 Points)
Replied 11 July 2013
there is no other way.
u must have to pay Interest & penalty.
However if u proof that reason for delay which is beyond human control then may be wave penalty amount if P.Tax officer satisfied.
Rajat Poddar
(Qualified CS and CA Finalist)
(3355 Points)
Replied 11 July 2013
CAclubindia
