13 March 2012
For one of my family member, though she had annual income of just Rs 70000/-, her TDS on interest of around Rs 5000/- has been deducted for the FY 2009-10 (AY 2010-11). Does it makes sense to file the return it now, as there is a penalty of Rs 5000/- for late filing u/s 139(4)? Also, what is the procedure for paying penalty?