Belated income tax return
This query is : Resolved
13 March 2009
A PERSON WANT TO FILE THE RETURN U/S 139(4) FOR PR. YR. 2006-07 HAVING TAXABLE INCOME BELOW THE EXEMPTED LIMIT. SO IS THERE ANY CONSEQUENCES ARISE U/S 271 (F)FOR PENALTY OF RS 5000 FOR SUCH FILLING OF BELATED RETURN.
13 March 2009
Already answered.
13 March 2009
if GTI is below the Exemption limit than no Penalty other wise AO may impose penalty.
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