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Penalty of rs 5000

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(Querist)
30 March 2017 Dear Sir,

I wanted to know will the late filing penalty of Rs 5000 be raised if I file return for A.Y. 2016-17 after 31st March, 2017
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CA Gopal Somani

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CA Gopal Somani (Expert)
30 March 2017 It will be 5000 only. New provision (for penalty 10000) will apply for AY 2017-18

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