Income tax
This query is : Resolved
10 April 2015
Sir,
Can I submit now A.Y. 2014-15 Income Tax Non Taxable File? Will it be penalized in future or not?
Pl reply.
Can I submit now A.Y. 2014-15 Income Tax Non Taxable File? Will it be penalized in future or not?
Pl reply.
10 April 2015
Yes you can file the belated return u/s 139(4) upto 31.03.2016. If you were required to file return u/s 139(1) then a maximum penalty of Rs 5000/- may be levied by AO, after giving assessee an reasonable opportunity of being heard, u/s 271F.
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