Penalty for late filing

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Querist : Anonymous (Querist)
08 April 2017 It has been announced that a penalty of Rs. 5000 will be levied if a return is filed after the due date. Will it apply to asst year 2017-18?

Or will it apply from asst year 2018-19?

08 April 2017 Asst yr 2018-19 and on wards per section 234F.


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