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income tax

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(Querist)
20 July 2011 if We fail to file income tax return on right time ____ what is penelty ?

pls define
if co. pvt. ltd.
&
If Firm
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Zeeshan

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Zeeshan (Expert)
20 July 2011 Dont think for penalty first...If there is time (i.e. within 2 years of closing of financial year), please revise the return and file the revised return.

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