Question ID :
38004
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
Try in appeal before CIT (Appeals). If 11(5) is complied, there is a chance to win .
Posted by
B.CHACKRAPANI WARRIER on
Mar 02, 2019