Penalty for late filling of return

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14 November 2012 File Income Tax Return For F.Y.2010-11 on 12th nov 2012.what are penalty for late filling of return.

14 November 2012 Apart from Interest u/s 234A, 234B and 234C, Penalty U/s 271F can be levied which is Rs. 5,000. However such penalty shall not levied if the assessing officer is satisfied that there was valid reason for the delay.



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