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return not filed within due date, Income Tax |
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return not filed within due date |
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IF AN INDIVIDUAL LIABLE FOR AUDIT UNDER SECTION 44AB DOES NOT FILES RETURNS WITHIN THE PRESCRIBED TIME LIMIT i.e. 30THY SEPTEMBER WHAT CAN BE THE CONSEQUENCES?? HE WILL BE LIABLE FOR PENALTY OR HE CAN FILE RETURN IN SEC 139(4)? PLEASE EXPLAIN IN DETAIL ALON WITH SECTION CLARIFICATION Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Since filing of Tax Audit Report is not required in e filing hence penalty u/s 271B can not be levied provided the accounts are get audited before the due date. Page: 1 Old Query - New Comments are closed. |
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