1. Many Salary Earning Assesse file their Return of Income on or Before due date.

2. Many Non Tax Audit Assessee file their Return of Income on 31st March of the Assessment year

 

What is the Exact Expenses in the name of Interest etc. will be borned by the sl no. 2 ?

Is their any other penalty or expenses for filing Return of Income so late?

Is the mistake of Assessee or Chartered Accountant who get busy on Last week of March instead of last week of July?

Posted 2 years, 3 months ago by Ca SKG


Interest u/s 234A, B & C have to be paid by the assessee as explained. Further the AO can also issue a notice u/s 142 to file the return of income or provide the suitable explanations wrt the income of the assessee.

Posted 2 years, 3 months ago by Mukesh Jain CA


IF i file my Return of Income before Due Date I will be Saving almost 18% Tax instead of Filling on 31st March of Ass. Year.

Nice Comparison But table is not drafted Properly

Posted 2 years, 2 months ago by SANJAY KUMAR GANNA


Hello Sir

Soory, The file was not drafted properly.

The attached excel sheet will give you the correct comparision.

 

 IT-Manual.xlsx 

Posted 2 years, 2 months ago by Abhilash Uthappa


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