Belated return after the expiry of assessment year
This query is : Resolved
08 April 2011
I wnt to file and income tax return for the year 2009-10 which has the assessment year 2010-11 but the last date of the year has been passed out.
I attracts the penalty u/s 271f of Rs. 5000.
What is the procedure for the payment of the penalty amount.
I attracts the penalty u/s 271f of Rs. 5000.
What is the procedure for the payment of the penalty amount.
08 April 2011
Just file the return. No need to pay the penalty amount now, wait for the notice from department. Rs 5000 is maximum penalty that can be imposed after giving you a reasonable opportunity of being heard.
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