Question ID :
38003
079710
My client is an educational society having 12A and filed their return of AY 2016-17 to AY 18-19 within due date . Further they could not spent 85% of their gross receipts and accumulated excess funds for further expansion and the same has been also reported in Audit report (Form 10 B) However we have omitted to File electronically Form 10 and the CPC has raised the tax demand . what is remedy to us pl. clarify . Can we file condone of delay or any other remedy ??
Posted by
SANDEEP KAPOOR
on
Feb 27, 2019
Filed Under
DIRECT TAXES
For assessment year 2016-17 when first time filing of form 10 by electronic mode commenced, there is a circular of the department dated 20.12.2018 based on that the delay filing is allowed. But one must do the filing. For rest of the yeas and if not filled for the AY 2016-17 then there is only way to file condonation with commissioner appeals.
Posted by
CA. JHA SHANKAR KUMAR on
Feb 27, 2019