Belated it return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2012
For one of my family member, though she had annual income of just Rs 70000/-, her TDS on interest of around Rs 5000/- has been deducted for the FY 2009-10 (AY 2010-11). Does it makes sense to file the return it now, as there is a penalty of Rs 5000/- for late filing u/s 139(4)? Also, what is the procedure for paying penalty?
13 March 2012
Yes,there is a penalty 271F but it is desecration of the AO ,which he may or may not exercise after giving due hearing to the assessee.
Think for payment of penalty after receipt of notice.
It is advisable to file return for the A.Y 2010-12.
Think for payment of penalty after receipt of notice.
It is advisable to file return for the A.Y 2010-12.
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