E filing

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swati patidar (Querist)
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31 July 2013 Is there any penalty for filing return after due date if tds is already deducted and no tax is payable further

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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31 July 2013 If you are required to file return u/s 139(1) but you file the return after the end of assessment year then a penalty of Rs 5000/- may be imposed by AO u/s 271F.

Say For AY 2013-14 due date is 31.07.2013 (now extended upto 5th August 2013) but return is filed after the end of assessment year i.e., after 31.03.2014 then penalty of RS 5000/- may be imposed by AO u/s 271F.

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