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It Return

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16 October 2010 If any salaried person has not filed a return of income within 31st july and he has tax liability of rs. 2500/- to be paid then whehter there is a penalty provision in IT Act.
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taxindiaconnect

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taxindiaconnect (Expert)
16 October 2010 One can file return of income without attracting the penalty provisions up the end of assessment year that is 31st of march folloaing the FY.
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