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
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