16 September 2012
Is there any penalty or any charge for Non-filing of IT NIL tax return of a Private Limited Company for the FY 2009 - 2010 & FY 2010 - 2011??
16 September 2012
Corporate assessee's has to compulsorily file income tax return as per section 139(1) of the Income tax Act,1961. Failure attracts penalty of Rs.5,000/- as per section 271F of the said act.
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