Penalty for late efilling
This query is : Resolved
19 August 2013
My client have a total income less than income tax slab rs.1,90,000/- . and tds deducted in lic commission rs.15000/- . Penalty app. for efilling afer 31st july?
Dintakurthi Tirumala
(Expert)
19 August 2013
If there is no tax evasion or income tax payment liability then penalty may not be impose.
However for A.Y 2013-14 return filed upto 31-3-2014 penalty shall not be applicable.
So in your case you didn't have tax payment liability, so penalty not applicable to your case.
OM SAI SRI SAI JAI JAI SAI
However for A.Y 2013-14 return filed upto 31-3-2014 penalty shall not be applicable.
So in your case you didn't have tax payment liability, so penalty not applicable to your case.
OM SAI SRI SAI JAI JAI SAI
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