penalty

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hemal (Querist)
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02 April 2009 what is the peanlty for late filing of return after 31.03.2009 & under which section it fall?

CA Devanshi Gandhi (Ajani) (Expert)
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02 April 2009 it is covered u/s 271F
and penalty for not furnishing return as per sec 139(1) is rs. 5000 only when its mandatory to file return.

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