Int & penalty in income tax
This query is : Resolved
09 October 2011
would u pls suggest me, if an individual who has already filed his income tax return within due date under exemption limit of 1.6, now wants to file revised return with income 2.4(i.e., now wants to tax around 8 k).would there be any interest or penalty?
i think there would be no int or penalty!!!
Suggest
would u pls suggest me, if an individual who has already filed his income tax return within due date under exemption limit of 1.6, now wants to file revised return with income 2.4(i.e., now wants to tax around 8 k).would there be any interest or penalty?
i think there would be no int or penalty!!!
Suggest
09 October 2011
No penalty for revising the return which already filed with in due date. but if the income tax not paid previously and paying now and revising the return then interest applicable as per section 234a/b/c
09 October 2011
234A can't be levied on revised return filed under section 139(5).
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