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
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.
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