FILING RETURN OF INCOME TAX FOR THE ASST.YEAR 2006-07

This query is : Resolved 

29 May 2008 ONE OF MY CLIENT'S RETURN FOR THE ASST.YEAR 2006-07 HAS BEEN FILED IN THE MONTH OF MAY-08 & HAS BEEN ACCEPTED BY THE INCOME TAX DEPARTMENT, SO NOW WHAT ARE THE CONSEQUENCES ?

30 May 2008 i don't see any consequences except normal processing of return when once dept. has accepted that.

30 May 2008 I think your client might have to pay penalty u/s 271F for delayed filing of return.


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