Return of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2016
MY SELF ANKIT. I HAVE A INCOME OF RS 350000 FOR F.Y. 2014-15. NOW I WANT TO FILE THE RETURN FOR F.Y. 2014-15. IS THERE ANY PENALTY OR INTEREST LEVY ?
REGARDS
ANKIT
REGARDS
ANKIT
11 April 2016
if your net taxable income is below taxable limit after deduction then no penalty or if taxability then AO may levy Rs. 5000/- but now first file return by paying tax and interest.don't pay penalty wait for the assessment.
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