Penalty
This query is : Resolved
14 August 2011
In assessment year 2010-11, i am not filling return , n TDS deduct 5000 from insurance income , what is penalty if i return file know
14 August 2011
Nothing
just e file return and take refund if income not cross basic limit
just e file return and take refund if income not cross basic limit
14 August 2011
Agree with Expert
if tax liability is less than TDS then u can claim refund.
if tax liability is less than TDS then u can claim refund.
14 August 2011
It depends on your income. If the income is more than the exempted limit then you shall be charged with a penalty of Rs. 10,000/-. In case your income is below taxable limit then the experts are right
18 August 2011
Thanks to all
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