28 March 2015
File the return of AY 2014-15 within 31.03.3015 to avoid penalty of Rs 5000/- u/s 271F. If return filed after 31.03.2015 AO may impose a penalty of Rs 5000/- u/s 271F. Rs 5000/- is maximum penalty which is at the discretion of AO after giving assessee an reasonable opportunity of being heard.