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Penalty for delay in furnishing return

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2011 what is the total amount payable as late fee under rule 7C ? is it 2000 or 20000 (amount is applicable for IPCC nov. 2011 exams)
please some 1 do reply for the query.
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Hari Beldona

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Hari Beldona (Expert)
20 October 2011 Maximum Penalty has been increased to20,000/- (Twenty Thousand only) w.e.f. 01.04.2011.
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 October 2011 thank u sir.
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