Penalty for filing late return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2012
What would be the penalty for filing late return, as the return for the year 2010 is not yet filed
31 January 2012
late filing penalty is 5000/- u/s 271f , which is discretionary , i.e penalty may or may not be levied, if no tax was due.
File the return before 31.03.2012
File the return before 31.03.2012
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2012
The tax for 2010 was paid in this year
31 January 2012
In most cases, penalty is not levied.
Go ahead and file the Return
Go ahead and file the Return
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