19 March 2015
ANY ONE CAN TELL ME IF I WILL FILE MY RETURN FOR 2013-14 1. ITR-1 OR ITR-4 UNDER LIMIT I WILL HAVE TO PAY ANY PENALTY FOR NIL RETURNS.IF YES, WHAT WILL BE THE AMOUNT?
20 March 2015
Sec.271F described ,if a person who required furnish his return of income as required u/s.139. In case u/s.139 you need to file the return but failed to file then penalty will be Rs.5000/- even nil return also.
24 March 2015
sir, my friend filed his salary return itr 1 for a/y 2013-14 in a/y 2014-15 september'15.under the limits.Now he has to pay penalty or he shoud wait for the IT notice.
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