29 December 2017
The income tax return for the year 2016-2017 was filed on 03 March 2017,But CPC Bangalore has given INVALIDATed , now I can file that return back. He will not have any penalties or let me live like this
30 December 2017
Your query is not cleared... Your above said year is AY 2016-17...? If yes, then you can file ITR - Belated return u/s 139(4)....
As per my view no more penalties except Interest u/s 234... Also the Penalty of Rs 5,000 may be charged. The penalty is not levied in all cases and depends upon the circumstances of the case
CAclubindia
