CA SUDHIR HALAKHANDI (PRACTICING CHARTERED ACCOUNTANT) (13196 Points)
11 January 2009PENALTY FOR LATE FILING OF RETURN IS APPLICATION IN CASE OF RETURN IS NOT FILED ON DUE DATE OR NOT FILED BEFORE 31ST MARCH.
CA. Rajeev Aggarwal
(Chartered Accountant)
(3424 Points)
Replied 11 January 2009
If ROI is file after the end of Assessment Year i.e. 31st March, then penalty of Rs.5000 under section 271F is leived
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 13 January 2009
but the penalty is levied at the discretion of the AO
| Originally posted by :CA SUDHIR HALAKHANDI | ||
| " | PENALTY FOR LATE FILING OF RETURN IS APPLICATION IN CASE OF RETURN IS NOT FILED ON DUE DATE OR NOT FILED BEFORE 31ST MARCH. | " |
if assesee has GTI more than basic exemption limit before giving credit of Chaoter vi then he will be penalised for 5000 if he does not file return within 31st march
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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