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FILING RETURN OF INCOME TAX FOR THE ASST.YEAR 2006-07

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(Querist)
29 May 2008 ONE OF MY CLIENT'S RETURN FOR THE ASST.YEAR 2006-07 HAS BEEN FILED IN THE MONTH OF MAY-08 & HAS BEEN ACCEPTED BY THE INCOME TAX DEPARTMENT, SO NOW WHAT ARE THE CONSEQUENCES ?
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CA. Yayati Tyagi

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CA. Yayati Tyagi (Expert)
30 May 2008 i don't see any consequences except normal processing of return when once dept. has accepted that.
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Manish Agarwal

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Manish Agarwal (Expert)
30 May 2008 I think your client might have to pay penalty u/s 271F for delayed filing of return.
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