21, Hemant Basu Sarani, Centre Point, 3rd Floor, Room No. - 317, Kolkata - 700 001
INDIVIDUAL / HUF / AOP / BOI
2 00 00 7- 08
2 00 00 8- 09 09
2009-10
2010-11
2011-12
2012-13
BasicExemption Resident Women age < 65 yrs.
10 00 00
1 10 000
150000
160000
160000
180000
135000
145000
180000
190000
190000
190000
1
Resident Sr. Citizen
185000
195000
225000
240000
240000
250000
1
100000 to 150000 150000 to 160000
10% 20%
10%
NIL
NIL
NIL
NIL
20%
10%
NI L
NIL
NIL
160000 to 250000
20%
20%
10%
10%
10%
10%
250000 to 300000
30%
30%
10%
10%
10%
10%
300000 to 500000
30%
30%
20%
20%
10%
10%
500000 to 800000
30%
30%
30%
30%
20%
20%
30%
30%
30%
10%
10%
10%
30% —
30% —
30% —
2%
3%
3%
3%
3%
3%
FIRM / LLP
30%
30%
30%
30%
30%
ABOVE 800000 Surcharge (if income exceed 10L) Edu. Cess & SHE Cess
Surcharge
10%
10%
DOMESTIC COMPANY
30%
30%
Surcharge
10%
10%
Min. Alt. Tax (MAT) (% of Book Profit) DIV. TAX U/S 115-O Surcharge
30% 2
10%
2
30% 2
10%
2
—
—
—
30%
30%
30%
10%
2
2
7.5%
2
5%
10%
10%
10%
15%
18%
18.5%
12. 5%
15%
15%
15%
15%
15%
0%
10%
10%
2%
3%
3%
Edu. Cess & SHE Cess 1
(AS AMENDED BY FINANCE A CT 2011)
ASSESSMENT YEARS
TAX STRUCTURE - INCOME
10%
7.5%
5%
3%
3%
3%
2
Sr. Citizen age 60 yrs. w.e.f. A.Y. 2012-13 & Super Sr. Citizen > 80 yrs. basic exemp. 5 Lacs. SC applicable only if net income exceeds 1 Cr.
SALARY Standard Deduction : No Std. Deduction shall be allowed from A ss. Year 2006-07 Transport Allowance : Rs. 800/- p.m. House Rent Allowance [Sec. 10(13A) and Rule 2A] : Least of the following is exempt from tax i) 50% of (Salary + DA) for metro / 40% of salary for other cities ii) HRA received iii) Rent paid -10% of salary Valuation of unfurnished rent free accommodation [ Rule - 3(1)] for private sector employee. Population exceeding 25Lac - 15% of s alary (Basic + DA + Bonus + all taxable allowance) Population exceeding 10 Lac but less than 25Lac - 10% of salary (Basic + DA + Bonus + all taxable allowance) Any other - 7.5% of salary (Basic + DA + Bonus + all taxable allowance) HOUSE PROPERTY Only two deduction u/s24 : i) Standard deduction u/s24(a) - 30% of Net Annual Value ii) Interest on borrowed capital - u/s24(b) - Deduction is available on accrual basis. a) Interest payment for self occupied house for acquisition or construction upto Rs. 1,50,000/b) Interest payment for re-construction, repairs or renewals upto Rs. 30,000/-
NSC (Int. accr. on Rs.1000/-) Purchased on or after 01-03-2003
F.Year
Index
1980-81 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96
– 100 109 116 125 133 140 150 161 172 182 199 223 244 259 281
Long Term Capital Gain - Exemption B
C D
E
F
u/s 54
u/s 54EC
u/s 54F
W ho ca ncl ai m ex em pti on
In d/ HU F
An ype rso n
In d/HU F
E lili gi gi bl bl e a ss ss et et s s ol ol d
A r es es id en en titi al al House property
A ny ny lo ng ng -t -t er er m capital a l assets
A ny ny LT as se se t ( ot ot he he r t ha ha n a re si si de de nt nt ia l house property) providedon the date of transfer the taxpayer does not own more than one residential house property from the assessment year 2001-02 (except the new house)
Assets to be acquired r ed for exemption
Residenti d ential al house property
Bond of NHAI or REC
Residential houseproperty
Time lim Time limit it foracquir uiring ing the new assets
Purcha c hase :1 year back or 2 year forward, Construction: 3 year forward
6 mon months ths forward
Purcha c hase : 1 year back or 2 year forward Construction: 3 year forward
E xe mp mp ti on on A mo mo un t
I nv es tm en t i n the new assets or capital gain, which ever is lower
I nv es tm en en ti n the new assets Investment in the new assets or capital gain, ------------------------------------------ X Capital Gain Net Sale consideration which ever is lower (Max. Rs. 50 Lacs in Prev. yr.)
Yes
No
Whether "Capital gain deposit account scheme" applicable
Yes
OTHER SOURCES : Receipts without / inadequate consideration 'Exceeding Rs. 50000/- to be treated as income. u/s56(2)(vii)w.e.f.01-10-2009: Any individual or HUF receives from any person (other than exempted category) any sum ofmoneyor movablepropertywithout/inadequateconsideration,differenceofF.M.V.&considerationexceedsRs.50,000/-, the diffrence will be taxable in the hands of receipent. In case of immovable property if transfer is for without consideration, F.M.V. exceeding Rs. 50,000/-, the whole F.M.V. will chargedtotax. Exemptedcategories-from categories-fromrelative/underwillorInheritance/onMarriage/In Death/LocalAuth./u/s10(23C) Meaning of relative - Spouse of the individual/Brother or Sister of the individual / Brother or Sister of the Spouse of the individual/Brother or Sister of either of t he parents of the individual /any lineal ascendent or descendent of the individual / any lineal ascendent or descendent of spouse of the individual / spouse of the person above. u/s. 56(2)(viia) : w.e.f. 01-06-2010 : Receipt of shares by firm or closely held company by any person on or after 01-062010 without / inadequate consideration - difference of aggregate value and consideration will be taxable in the hands of receipentifdifferenceismorethan Rs.50,000/-.
DEDUCTIONS* U /S 2007-08 2008-09 2009-10 2010-11 LIC / NSC / PPF / Tution Fee 80C* 100000* 100000* 100000* 100000* Pension Fund 80CCC* 100000* 100000* 100000* 100000* --— — — Long Term Infrastructure Bond 80CCF Mediclaim 80D 10000 15000 15000* 15000* For Sr.Citizen 15000 20000 20000* 20000* * Addl. dedu. for any payment of mediclaim for parents Rs. 15,000/- (Rs. 20,000/-, Donation 80G 50% of Donation or (10% of adjusted GTI)
2011-12 2012-13 100000* 100000* 100000* 100000* 20000 20000 15000* 15000* 20000* 20000* if parents is Sr. Citizen) whichever is lower)
2nd Yr.
3rd Yr.
4th Yr.
5th Yr.
88.30
95.50
103.30
111.70
81. 60
Gold/10gm(24 K) Silver/kg (As on 31st March) 1700 1645 1800 1975 2130 2140 2570 3130 3140 3200 3466 4334 4140 4610 4680 5160
2720 2680 3105 3570 3955 4015 4794 6066 6755 6463 6646 8040 5489 7115 6335 7346
F.Y ear 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12
305 331 351 389 406 426 447 463 480 497 519 551 582 632 711
4725 4045 4235 4380 4190 5010 5310 6065 6180 8490 9395 12125 15105 16320 21000
7345 8560 7615 7900 7215 7875 7695 11770 10675 17405 19520 23625 22165 27255 49000
Limit upto 3 00- 06 06 -1 -1 0
– Payment of Salary (Normal rate of tax) SC-NIL, EC-2% & SHEC-1%
194A – In Interest other than Interest on securities
5000*
Limit w.e.f. 0 11- 07 07 -1 -1 0
– P a ym ym en en t / c re re di di t t o a n I nd nd / H UF UF
– Pa Pa ym ent / cr edi tto an an ype rso no th er th tha na nIn d/ HU F 194H
5,000*
2 00 00 00 00
10
2 00 00
3 0, 0, 00 00 0* 0* * 3 0, 00 0* *
– Co Co mm iss io nor B ro ke rag e
1
2
2 50 0
5 ,0 00
10
194I – Rent [Note 3] – Plant and Machinery 194J
1,20,000
– Land or Building or Furniture t ure or Fitting ng – FeeforProfessio sional nalor Technical services [Note 2]
Rate 30%
1,80,000
1,20,000 0 00 20,000 0 00
Asst Yr. (OnChargeable Interest) 1992-93to 1997-98 1989-99to 2000-01
FRINGE BENEFIT TAX (w.e.f. A.Y. 2006-07) Nomore applicablefrom A.Y. 2010-11
If Tax Liability > Rs. 10000/Due Date O th th er er s NIL B y 15th Dec . By 15th Mar. < 30%
C om om pa pa ny ny <30% <25%
O th er er s < 30% < 40%
1,80,000
10 10
1. If recipient is a transporter contractor (any any person) and he or it furnishes his PAN to the deductor, taxis not deductible. (wef. 01/10/2009)(PAN intimated to IT.Dept ) 2. Tax is deductable able on the entire consideration including service tax if any 3. Tax is not deductable on service tax (Circular cular No. 4/2008)
Time Limit for Submission of Form 15G / 15H : Sec. 197A(2) : Deductor is required to submit to the CIT (To whom AO having jurisdiction to access the payer is subordinate) one copy of form 15G / 15H within 7 days of the month next following the month in which such Form is furnished to him. Obtaining Certificate for Deduction at Lower Rate : Sec. 197 (1) Apply to tax deductible u/s 192, 193, 194, 194A, 194C, 194D, 194G. 194I, 194J, 194K, 194LA or 195 (2) Deductee/Recipient to apply in Form 13 to AO for the certific ate authorizing the deductor to deduct tax at lower or no tax. Amount not deductable [u/s 40 (a) (ia)] (1) Tax is deductable but not deducted in F.Y. (2) Tax is deductable and deducted in F.Y. but not deposited on or before the due date of submission of return of income for the financial year. Interest on failure to deduct or pay tax at source u/s 201 (1A) Rateof Interest
Period of which inter n terest payable (Per month orpart)
1%
F ro ro m th e da te te on on w hi ch ch t ax w as d ed uc uc titi bl bl e to d at e on wh wh ic ic h t ax ax i sa ct ct ua ua llll y de du du ct ct ed ed
1.5%
From the date on whichtaxwasactual u ally l y deducted tothedate on on whichtaxis act ctual ually l y paid aid..
IMPORTANT PROVISIONS :
a) Compulsory Filing of Income Tax Return u/s 139 i) Any Company ii) All Partnership Firms, iii) All Person (without claiming deduction u/s 10A, 10B, 10BA, 80C to 80G) exceed the amount of exemption slab. b) Limits u/s 44AB enhanced to Rs. 60 Laks for business and to Rs. 15 Laks for Professionals. Professionals. c) Advance FBT paid for A.Y. 2010-11 will be treated as Advance Income Tax. d) The Quantum of weighted ded. increased to 200% w.e.f. A.Y. 2012-13 u/s 35 (2AA) e) M.A.T. made applicable to SEZ units / developers w.e.f. A.Y. 2012-13.
COMPLIANCE CALENDAR
7th of every month 10th 10 th of every month
Excise duty of prece preceeding n g mon month th (for (for the month of of March March duedate is 3 1s t Ma Ma rc rc h) h) . ii) Servic vice e Tax of prec precee eedin ding qtr qtr.. (mon onthl thly in case of of company) for th the e month / qtr. ending March due date is 31st March.
TDS / TCS payment for the preceeding month (30th April with respect to TDS for the month of March)
MINIMUM ALTERNATE TAX : (Sec. 115JB) a) In calculation of Book Profit - Income Tax / Deffered Tax / Dividend Tax & their interest & cess if debited in P/L - to be added back, whereas, STT, BCTT, CTT, Wealth Tax, FBT, Indirect Tax if debited in P/L - not to be added back. b) MAT credit available for 10 years.
a) Interest on c apital of partners be allowed upto12% P.A. asdeductions. Sec. 40(b)(iv) iv)
Firm carrying on a)
15thof every month
PF payment (excluding the h e 5 grace day allowed) for the h e preceeding month
21st 21 st of every month
i) ESIC paymen entt for o r th the e preceeding month ii) WBVAT payment for preceeding month (For the month of March VAT collected till 25th March due date is 28th March and for rest 6 days due date is 21st April) i) PF mon onthl thly return for for the h e preceeding mont month ii) Generation of ESI Docket for the preceeding month
E nd nd of of th th e m on on th th
P. Ta x p ay ay me me nt nt f or t he pr pr ec ec ee ee di ng ng mo mo nt nt h
15/06, 15/09, 15/12, 15/03
Advance Income tax ax - installments for the year
15/07,15/10, 15/01, 15/05 05
TDS/TCS Quarterly Return in 24Q/26Q/27Q & 27 EQ (All in electronic form)
30/07, 30/10, 30/01, 01, 30/06
Issue of TDS cert. Form 16A/27D for the preeceding quater (Annualy or 31st May in case of form 16)
31/07, 31/10, 31/01, 30/04
i) VAT Return for the he preeceding quarter ii) P. Tax Return for the preeceding quarter
2 5/ 04 , 2 5/ 10
H al f y ea rl y s er vi vi ce ce ta x r et ur n i n F or m S T- 3
11/11, 11/05
Half ye yearl y ES ESI Return
Prof.
On the 1st Book Profit of Rs. 1 Lac or Los s
50000/- or 90% whicheveris more
900000/-
TAX RATE
of Rs .75000/- or Loss
60%
b) Next 75,000/-
60%
c)
Balanc e
40%
c ) Balance
40%
b ii) Partners Remuneration u/s 40(b) w.e.f. Asst. Yr. 2010-11 Book Profit ofBusiness/ Profession
Amount deductable Rs. 1,50,000
* Incase book prof profit i t is positive i ve O n f ir st st Rs .3 .3 la kh kh of of bo bo ok ok pr of of it
Rs.1,5 1 ,50,000 or or 90% ofbook profi profit, t, w hi hi ch ch ev ev er er is mo mo re re
O n th e ba la la nc nc e o f th e bo ok ok pr pr of of it
6 0% 0% of of bo bo ok ok pr pr of of it
(d)Time limit under various sections under Income Tax Act : Section
Compliance
Time / Due date
139(1)
Return u rn of of Income / Wealth – Company required to furnish report u/s. 92E
30th Nov.
12%
10%
2%
3%
3%
Point of Taxation : W.e.f. 1-4-2011 liability lity of Tax - Accrual Basis except the service provider being Individual / Proprietorship / Partnership Firn. Rendering Services of Architect / Interior Decorator / CA / CS / CWA / Scientific or Technical Consultancy and Legal Service.
l
Tax to be paid Quarterly (Monthly in case of Company) in GAR-7 challan by 5th of the next month (6th day of month, if the duty is depositedelectronicallythroughInternet Banking) and for March or quarter ending March by 31st March.
l
Half-Yearly Return in (ST-3) to be filed by 25th of the month following the particular half year, except Input Service distributor - can file upto last day of following month, when due date is public holiday, return may be filed on the suceeding working day. Interest on delayed tax payment u/s 75 @ 13% P.A. (No. of days of delay) and 10% for the assesee whose turnover is upto Rs. 60 Lac.
l
Composition rate of service tax for works contract services is increased to 4% (wef 01-03-08)
l
FilingofReturn Sec. 70 Rule 7 even NILreturn is mandatory under Service Tax.
l
Resident Welfare Association & Co-Operative Housing Societies are exempt, where the monthly contribution of a member does not exceeds Rs. 3,000/- per month.
l
Revision of Return Sec. 70 Rule 7B : An Assessee may submit a revised return in Form ST - 3 in triplicate to correct a mistake or omission, within a period of 90 days from the date of submissio n of return under rule 7.
l
Penalty for failure to pay S. Tax Taxu/s u/s 76 - Min. Penalty 1% per month or Rs. 100/- per day which ever is higher, Max. penalty 50% of tax Amount w.e.f. 1-4-2011.
l
Service Tax to be paid online compulsorily if the same including cenvat, exceeds Rs. 10 Lakh per annum w.e.f. 01.04.2010
l
Period delayed in furnishing Return 15 days from the Due Date
A mo mo un un t o f Pe Pe na na lt y
M ax ax im um um P e na lt y
Rs. 500/-
Beyond 15 days but upto 30days from the Due Date
-----
Rs. 1,000/-
Rs. 1,000/- Plus Rs. 100/per day beyond 30 days
----Rs. 20000 w.e.f. 01-04-2011 prior to that Rs. 2,000/-
* Ruduction / Waiver of Penalty if Ser. Tax is NIL, Notification 4/2008 dt. 01-03-2008.
Other Compani es
30th Sep.
Non Corporate assessee where account to be audited or working partner of firm whose accounts to be audited Any other case
30th Sep.
R EG D. D. F EE EE S
1,00 ,000
4,00 0
Fr om om 1 ,0 ,0 0, 00 1 t o 5 a l cs
4 ,0 00 00 +3 % o f E nh an an ce d c ap ap ti al
Fr om om 5, 5, 00 00 ,0 01 01 to to 50 50 la la cs
1 6, 00 00 0+ 2% 2% of of En En ha ha nc ed ca ca pi ta l
From 50,00,001 to 1 Crore
1,06,000+1% of Enhanced capital
Above 1 Crore
1,56,000+0.50% of Enhanced capital
AUTHORISED CAPITAL
FILING FEE
Less t han Rs. 1 ,00,0 00
Rs. 1 00
R s. s. 1, 00 00 ,0 ,0 00 00 or or mo re re bu bu t l es es s t ha ha n R s. 5, 5, 00 00 ,0 ,0 00 00 R s. s. 5, 5, 00 00 ,0 ,0 00 00 or or mo mo re re bu bu t l es es s t ha ha n R s. 25 25 ,0 ,0 0, 0, 00 00 0
31st July
Rs. 25, 00,00 0 or mor e
Loss Return– No loss c/f, f , if return e turnfiled after due date except HP Loss
As per Time allowed u/s 139(1)
139(4)
Belated Return
1 year from the end of relevant Ass. yr. or before completion of Ass. whichever is earlier.
Revised Return – No return e turncan be revised until unless e ss original return u rn filed within h in due date or in pursuance of Notice c e issued u/s. 142(1)
A UT UT HO RI RI SE SE D SH AR AR E CA PI PI TA L
FILING FEE FOR DOCUMENTS
139(3)
143(2)
12%
2%
COMPANIES - FILLING FEE
A lternateMin.Tax[Sec.115JCto115JF]
[email protected]%+EC +SHEC 115JC (1) Wheretheregulartaxof LLPislessthantheAM Taxonadjustedtotal income, LLPshall beliabletopayAMT. (2) Adjustedtotal incomeshall bethetotal incomeincreasedby: (i) Deductionclaimedif anyu/sincludedinchapterVI A (ii) Deductionclaimedif anyu/s10AA
139(5)
10%
NIL
REGISTRATION FEES PAYABLE TO REGISTRAR OF COMPANIES
Amendments w.r.t LLP
–
8%
NIL
Beyond 30 days from the Due Date
* If book profit is negative
–
5%
Education Cess
Buss. 50000/-or90% whicheverismore
Next 1 Lac
–
01-07-94 to 14-05-03 to 10-09-04to 18-04-06 to 11-05-07 to 24-02-2009 09-09-04 17-04-06 10-05-07 13-05-03 23-02-2009 to onwards
Tax Rate
Fine / Penalty of late submission of return :
Firm carrying on a) On the 1st Book Profit
b)
i) Excise return u rn (ER - 1) for th the e prec preceeding month ii) ER-6 monthly return u/r 9A(3) of CCR, 2004
25th 25 th of every month
1000000/-
700000/-
l
b (i) Partners remuneration u/s 40(b) upto Asst.Yr. 2009-10.
Particul ars
800000/-
300000/-
3% 2%
If recipient does not furnish his PAN to deductor ,tax will deducted @20%(wef.01/04/2010)
i)
400000/-
Zero
Rate
b) Share of profit of the partners in the income of the Firm will be exempt in the hands of the Partner. Sec. 40(b)(v)
5th of every month 5th month ( 6t 6t h of e ve ry ry m on on th th i f pa id electr ctron onica ically)
Zero
Registration reqd. Sec.69Rule4
Sec. 77 : Failure to take Regd. Penalty Min. Rs. 200/-per day, Max. to Rs. 10000/- (earlier Rs. 5000/-)
INTEREST TAX
* For Banks/Post Office threshold limit is Rs.10000 ** Rs. 30000 in a single payment or Rs. 75000 in the aggregate during financial year
Date
Basic Exemption Notification 6/2005 Dt. 01-03-2005
TAXATION OF FIRMS / LLP
2
30,000 0 00
upto From 01-04-2005 From 01-04-2007 EXEMPTION LIMIT 31-03-2005 To 31-03-2007 To 31-03-2008 From 01-04-20 04-2008
(No moreapplicable w.e.f. 01-04-2000) 04-2000)
I)271(1)(b)- Failuretocomplywithnoticeu/s115WD(2), 2 ), 115WE(2),142(1)& 143(2)–Rs. 10,000/-foreachfailure. ii)271(1)(c)-Concealmentofparticular c ularsof s of IncomeTax/ FBT- 100%to 300%ofAmt.ofTaxsoughttobeevaded. iii)271B-Failuretogetaccountsauditedu/s44AB-0.5%of theturnoverorRs. 150,000/-whicheverisless (w.e.f. A.Y. 2011-12). iv)271F-FailuretofurnishreturnofIncomebeforetheendof therelevant AY-Rs.5,000/v)272A(1)(c)-Failuretocomplywithsummonsissuedu/s131( v)272A(1)(c)-Failuretocomplywithsummon sissuedu/s131(1)-Rs. 1 )-Rs. 10,000/-foreachdefault.
TDS Rate (SC & C es es s Ni l)l)
194C – Payment to a Contractor / Sub Contractor - [Note 1 & 2]
GIFT TAX (Nomoreapplicablew.e.f.01-10-98) 9 8)
Asst Yr. Exemption 1995-96to 1998-99 30,000/-
PENALTY :
TDS CHART (Financial Year 2011-12) 192
Asst Yr. Exemption Rate 1995-96to 2009-10 15Lac 1% from 2010-11 30Lac 1% Surcharge-Nil EducationCessi onCess- Nil
INTANGIBLE ASSETS: KNOW HOW, PATENTS, COPYRIGHT, TRADEMARKS 25% -I.T. Act Dep. - If assets is put to use less than 180 days during the year - Half of usual depreciation. Co. Act Dep.- Pro rata basis from the date of addition or up to the date of sale/discarded.
ADVANCE INCOME TAX Due Date C om om p an y B y 15th J une < 15% B y 15th Sept. < 30%
SERVICE TAX
WEALTH TAX
RATE (%of WDV) DEPRECIATION IncomeTax Co's Act TANGIBLE ASSETS AY2006-07 Onward Single Shift / 60% COMPUTER H/W & S/W 40% 15% PLANT& MACHINERY 13.91% 10% FURNITURE & FIXTURE 18.1% 15% 25.89% CAR & VEHICLES 40% CAR & VEHICLES USED ON HIRE 30% 10% 10% BUILDING - NON RESIDENTIAL 5% 5% BUILDINGRESIDENTIAL
6th Yr. 120.80
Gold/10gm(24 K) Silver/kg (As on 31st March)
Index
Nature of Payment made to Resident
CAPITAL GAIN - Equity shares / units of equity oriented mutual fund if chargeable to STT - Exempt - Listed Security (Equity Share / Preference Share / Debenture / Government security) other than above Option - I) (Without hout indexation) - 10% Option - II) (With indexation) - 20% - Other than above capital assets (u/s 112) taxable a flat rate of 20% STCG - Equity shares / units of equity oriented mutual fund if chargeable to STT (covered by Sec. 111A) - 15% (10% upto AY 2008-09) - Other than above capital assets - Normal rate (like other income) Note : Deduction u/s 80C to 80U not available in capital gain.
1st Y r.
COST INFLATION INDEX AND RATES OF GOLD & SILVER
Note:
LTCG
A
Dial : +91 33 30282500(7 Lines) E-mail :
[email protected] [email protected] om Website : www.pd www.pdrungta.co.in rungta.co.in
DIRECT TAX READY REFERENCE
CA. P. D. RUNGTA M.Com., L.L.B., AICWA, FCA, DISA (ICAI)
1 year from the end of relevant Ass. yr. or before completion of Ass. whichever is earlier.
R s. s. 20 20 0 R s. s. 30 30 0 Rs. 5 00
REVISED ADDITIONAL FEE ON LATE FILING OF DOCUMENTS W.E.F. 05-12-2010 Pe riod of Del ay
No. of t imes of Filing Fee
Upto 3 0 Days
Two
Mor e tha n 30 Da ys & Upto 60 Days
Fou r
Mor e tha n 60 Da ys & Upto 90 Days
Six
Mor e tha n 90 Da ys
Nin e
Service of notice for scrutiny i ny assessment
6 months from the end of the F.Y. in which return is submitted.
1 47
R ea ss es es sm en en t w he re as as se ss me nt nt made u/s 143(3) or 147
4 yr yr s. fr fr om e nd of of re re le va nt nt Ass. Yr.
149(1)
Issue notice u/s u/s 148– if the escaped income is –
Registration of LLP including conversion of a firm or a private company or an unlisted public company into LLP:
(i) less than one lakh
4 yr. from end of relevant Ass. Yr.
( a) a)
(ii) Rs. One lakh or More
6 yr. from end of relevant Ass. Yr.
154(1)/(7)
Rectification – Mistake apparent from record 4 yrs. from end of the F.Y. in which order sought to be amended is passed.
249(2)
Filing Appeal to CIT (A)
30 days from the date of service of demand notice.
253
Filing Appeal to ITAT
60 days from the date of service of order of CIT(A)
264(3)
Revision Petition to CIT
1 year from the date on which order communicated to assesses.
(E) Appeal Fees :
CI T(A) u/ s 249
ITAT u/ s 253
CIT(A) u/s 249
ITAT u/s 253
LIMITED LIABILITY PARTNERSHIP - FILLING FEE
L L P- co co n tr ib u ti on on do do es es no no t e xc xc ee ee d R s. s. 1 L a kh s
R s. s. 50 50 0 /-
( b) b)
L LP LP - c on on trtr ib ut ut io n > Rs Rs . 1 la la kh kh bu bu t < 5 L ak ak hs hs
R s. s. 2, 2, 00 00 0/ 0/ -
( c) c)
L L P- co co n tr ib u ti on on > R s. s. 5 l ak ak hs hs bu bu t < 10 10 La La kh kh s
R s. s. 4, 4, 00 00 0 /-
(d)
LLP - contribution > Rs. 10 lakh
Rs. 5,000/-
FILING FEE FOR DOCUMENTS ( a) a)
L L P- co co n tr ib u ti on on do do es es no no t e xc xc ee ee d R s. s. 1 L a kh s
R s. s. 50 50 //-
( b) b)
L L P- c o nt riri b ut io n > R s. s. 1 a l kh kh b u t < 5 L a kh s
R s. s. 1 00 00 / -
( c) c)
L L P- co co n tr ib u ti on on > R s. s. 5 l ak ak hs hs bu bu t < 10 10 La La kh kh s
R s. s. 15 15 0 /-
(d)
LLP - contribution > Rs. 10 lakh
Rs. 200/-
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