Re: Form 5 not received
challans have been fully paid still however Form 5 has not bee received what should we now do.
Notice of penalty is issued due to non submission of Form 5
The assessee may write to the Designated Authority to issue the Form no 5. In case no response is received with in 15 days the assessee may write to the Chairman CBDT . Even after writing to CBDT no response is received with in 15 days the assessee may file writ before the High Court. It is desirable to write detailed explanation to drop the penalty proceedings on law and facts . In case penalty is levied it is desirable to file an appeal before the CIT (A).
Good information