Filing
This query is : Resolved
nagendra.s
(Querist)
28 August 2015
if we do not file income tax rtn within due date
what next and when to file and what is the penalty and interest need to pay
pl guide
28 August 2015
If Income Tax Return for AY 2015-16 is not filed within due date the you can file the belated return u/s 139(4) upto 31.03.2016 without any penalty. Remember belated return filed u/s 139(4) can not be revised. Return can also be filed from 01.04.2016 to 31.03.2017 but subject to a maximum penalty of Rs 5000/- u/s 271F.
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