Now filing income tax return of a.y. 2010-11 ?
Querist : Anonymous
what any interest & penalty ?
Guest
Guest
However penalty will be levied whether you file income tax return or not for A.Y. 2010-2011.
penalty u/s 271F for late filling of return of Rs. 5000 and interest u/s 234A shall be levied at the rate 1% per month or part of the month for late filling of return.
further if tax payable more than Rs. 10000 after TDS,then interest u/s 234B and 234C shall be levied for not deposit advance tax.
regards
Vishal Rana
Querist : Anonymous
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