What if a Businessmen fails to fit Income tax returns with in due date ?(Aug -5) ..Is there a penalty ? if yes How much ?
What if a Businessmen fails to fit Income tax returns with in due date ?(Aug -5) ..Is there a penalty ? if yes How much ?
PENALTY UNDER 271F but discretion of assessing officer no neeed to pay penalty at the time of filing return of income Chances of waiver of Penalty by AO is possible in most cases
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