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Guest

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Guest (Querist)
08 November 2010 if i late to deposit mu income tax return in due time (31 july) supoose i m deposit it after next year than panelty will be 5000
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 November 2010 If return is filed after one year of the end of the f. y. then penalty of Rs. 5,000/- leviable
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 November 2010 Penalty under section 271F, amounting to Rs.5,000/-, can be levied if and only if the return is filed after the end of the relevant assessment year.
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