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Penalty on late filing of Nil IT Return

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(Querist)
21 July 2010 Dear Sir,
Please let me know, whether any Late Submission Penalty is levied on Late Submission of Nil IT Return

Thanks in advance
ChintaN
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CA. Anoop Gadia

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CA. Anoop Gadia (Expert)
21 July 2010 on nil return there is no penalty
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
21 July 2010 Agree With expert, late filing of NIl return does not attract any penalty.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
21 July 2010 no penalty is charged for nil return.
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RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA (Expert)
21 July 2010 agree with experts

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