06 August 2013
I want to file ITR for AY 10-11 and 11-12 in response to the letter issued by the department for not filing the same.can i do so ?? and what about penalty of 271f ??pls suggest
06 August 2013
Under which section notice has been issued? Whats written in notice?
If you are required to file your Return u/s 139(1) but you file your return after the the end of relevant assessment year then a penalty of Rs 5000/- may be imposed by AO u/s 271F.
Say return for AY 2013-14. Due date 05.08.2013. If filed after 05.08.2013 but on or before 31.03.2014 then no penalty. If filed after 31.03.2014 penalty of Rs 5000/- may be imposed by AO.