Late fiking of itr

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 August 2014 Can ITR for assessment year 2013-14 be filed now? There is some refund due, but I forgot to efile my Return. Will there be any penalty for late filing?

CA UMESH DULAL

CA UMESH DULAL (Expert)
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01 August 2014 I have answer your question in previous query.

Rupesh Jain

Rupesh Jain (Expert)
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01 August 2014 yes you can file and hav to pay file rs. 5000/-

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CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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01 August 2014 Penalty u / s 271F is at the discretion of AO after giving assessee a reasonable opportunity of being heard. He may or may not impose the penalty. Maximum penalty is Rs 5000/-. You dont need to pay penalty at the time of filing of return.