CA Sansaar
- All Categories
- Income Tax (1634)
- Students (770)
- Service Tax (497)
- Corporate Law (465)
- Audit (399)
- Accounts (341)
- VAT (277)
- GST (145)
- Excise (106)
- Finance (105)
- Banking (46)
- FEMA (40)
- Custom (29)
- Shares & Stock (18)
- IFRS (18)
- Income Tax Software (5)
- Cost Inflation Index (1)
Recent
- Income Tax Notice Received: What Should a Taxpayer Do?
- IN A GOVT OWENED PSU, MAKE PROVISION IN ACCOUNTS FOR ITEM HAVING CONTIGENCY IN NATURE
- GST Notice Received: How Should a Taxpayer Respond?
- CA vs CMA: Which is better?
- Can a Chartered Accountant Sign Estimated Financial Statements?
- Want to assist in Forensic Audit
- Revising 3CA 3CD to 3CB 3CD
- LFAR in Bank Branch Audit - Clause-by-Clause Discussion by CA Vivek Khurana Notes required
- Bank Branch Audit
- Got high refund
- Form 67
- GSTR9
- Partner of CA firm required
- RENEWAL OF REGISTRATION
- financial statements
- income Tax
- ITR Filing
- Property Attachement
- Liability of Independent and Non-executive director
- financial statements
- stock statement procedure for bank od loan
- ITR FILING OF ARMY UNIT
- signing of Project report
- NON CORPORATE BALANCE SHEET FORMAT
- CA FINAL
- Accounting Treatment of Mutual Fund under IndAS
- ITC Availed & Utilized on Supply from Non-Existent Firms
- GST Liability of Award received by a Company
- Reund of TDS Excess Deposited
- Income Tax TDS
- gst
- Reconstitution of partnership firm in case of death of partner and introduction of new partner
- Consolidattion of financial statemement
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- NR GST NUMBER
- Presumptive Income
- tax audit late filing penality provision applicable f.y.23-24
- Interest in outstanding demand
- sale turnover declared as per books or AIS show in itr f.y.23-24
- GST
Q. > Please Help: income tax
Sir, if a private limited co. files (1) a nil return (2) a loss return, for the A/y 2010-11 after 31-03-2011, whether it attracts any penal consequences in any of the two cases.
3 Answers
answered Jun 08, 2011 by CA VIKAS JAIN , DELHI
in case of company assessee, belated return attract penalty
answered May 29, 2013 by Vikash Kumar Jha , Cuttack
according to sec 139(1) a company is required to file his return of income before the due date, even if company has a loss during the year. so in case of belated return penalty u/s 271F shall be levied.
answered Oct 01, 2013 by Vaneet Gupta , Delhi
Penalty u/s 271f
Experts Panelist
Rambabu Senkarasetti
Accounts, Audit, Corporate Law, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 409
CA Satuti Mahajan
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 291
Vikash Kumar Jha
Accounts, Audit, Banking, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 270
Rishabh Upadhyay
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 257
Ashish Karundia
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, Income Tax, Service Tax, Students, VAT
Answers Posted : 257
Mrattunjay
Accounts, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 220
PRIYANKA
Accounts, Audit, Corporate Law, Excise, Finance, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 136
CA. SURESH Kr. AGARWAL
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, GST, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 131
Vaneet Gupta
Accounts, Audit, Corporate Law, Custom, Excise, FEMA, Finance, IFRS, Income Tax, Service Tax, Shares & Stock, Students, VAT
Answers Posted : 120
Ketan Samdani
Accounts, Audit, Corporate Law, Excise, Finance, GST, Income Tax, Service Tax, Students, VAT
Answers Posted : 117
4896
QUESTIONS
4699
ANSWERS
833
EXPERTS
2730
QUERIST
Comments
Amrit Raj
28-May-2011 , 04:25:23 amYes, Section 271 F provides for penalty of Rs 5000 in this case.
CA VIKAS JAIN
28-May-2011 , 01:21:18 pmaccording to sec 139(1) a company is required to file his return of income before the due date, even if company has a loss during the year. so in case of belated return penalty u/s 271F shall be levied. what is NIL return pls explain it bcos return is either income return or loss return
CA M K Dublish
29-May-2011 , 09:04:25 amIn terms of Section 139(1), Every company is reuqired to file its return, irrespective of the facts, whether it is loss or NIL. In terms 271-F, a penalty of Rs.5,000/- may be imposed by the Assessing Officer. In case of loss, compaany would not be entitled to set off of its loss in subsequent years if there is dealy in filing its income from the due date, i.e., 30-09-2010
jagmohan rawat
31-May-2011 , 12:51:34 amThe AO may levy penalty of Rs.5000 u/s 271F and business loss would not be allowed to be carried forward due to late filing of return as per section 139(3)read with section 80.
casanjayjuneja
02-Jun-2011 , 03:43:38 amwhether each traders having gross turnover over rs.20.00 lacs is required to get its accounts audited if he did not wana to file its return on presumptive basis under section 44AD i.e. @8%