Penalty u/s 139(1)

This query is : Resolved 

26 March 2012 If i file a belated return of taxable income of assesment year 2010-2011 now u/s 139(4) , will i be liable for a fine of rs. 5000/- u/s 139(1)

26 March 2012 Last Date of Filing was 31-03-2011. Now it is up to the Assessing Officer.

26 March 2012 the fine is in 271(f).
as you filed after completion of A.Y. so 271(f) is applicable. fine of 5000/- will be applicable.




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