Income Tax Return
This query is : Resolved
29 March 2011
I filed my Income tax Return for A.Y 2009-2010 on 27th MArch,2011 , My Income exceed exemption Limit, I paid Self Asst Tax properly. Is their any other Penalty.
29 March 2011
NO ANY PENALTY EXCEPT INTEREST
29 March 2011
you shall have to pay penalty of Rs 5000 by virtue of Sec 271F of the income tax act
29 March 2011
Yes Penalty is attracted u/s 271F. Last date of filing return u/s 139(4) without penalty u/s 271F, in your case was 31.03.2010. Since return is filed after 31.03.2010 Penalty of Rs 5000/- (Max penalty) is attracted.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Traces submitting correction statement error
- ITR-Capital Gain
- ITR-3 File/Error Found
- Rent claimed on building given on permissive possession basis
- IT returns for fresh job holders
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
