09 February 2017
Will there be levied penalty of Rs 5000 if nil return is filed beyond 31st march,2018 of the AY 2018-19 and Rs 10000 penalty if Nil return filed beyond 31 st dec, 2018
09 February 2017
It is not necessary but at some discretion of department. but late filing may lead to other consequences.
Refer link below
http://www.charteredclub.com/late-filing-of-income-tax-return/
CAclubindia
