PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 14 July 2017
No penalty only interest may levied U/s 234a, 234b, 234c...
Dependent on taxable liablity.
Read about U/s 234a, 234b and 234c.
Kiran. S
(CTO)
(745 Points)
Replied 14 July 2017
Penalty for filing income tax return after due date is only applicable from fy 2017-18 that is to say when you file return for AY 2018-19. Now it is upto AO to levy penalty.
CAclubindia
