While making Tax payment of Penalty online, The bank site is asking to fill up penalty payment code as 11c or N11c…. Code 11C is for Penalty Order u/s 271(1) (c) and N11C is for Order Other than u/s 271(1) (c).
What is the penalty for late filing of TDS return?
Failure to file your TDS returns within the due date will mean that you will be subject to a late filing fee of Rs. 200 per day. The fee will be charged for every day after the due date, until the date on which your return is filed. However, the maximum fees that you will have to pay will be limited to the TDS amount.
What are penalties for late filing of tax returns?
For late filing of Tax Returns with NO Tax Due to be paid, the compromise penalty will be imposed upon filing of the Tax Return based on the following: 1. For violations of the NIRC provisions which are subject to compromise, the reference is found in page 4 of Annex A of RMO No. 7-2015.
What happens if company fails to file annual return?
Many peoples have raised the question as to what are the consequences if Company fails to file an annual return or financial statement within 300 or 330 days from the date of AGM. In this case, the company would be liable for the penalty or punishment provided under this Act but it can save itself from the prosecution by compounding the offence.
What is the penalty for non filling of financials with Roc?
In such situation, penalty or prosecution under section 92 (5) and 137 (3) shall be initiated. b) Fine which shall not be less than Rs 50,000 but which may extend to Rs 5 lakh or c) Both with imprisonment and fine. c) Both with imprisonment and fine.
What does the penalty notice for late filing show?
The penalty notice gives details of the penalty/penalties imposed against the company. It shows the last date for filing, the date of filing of the accounts and the level of the penalty imposed.
