Penalty for late filling of income tax return
This query is : Resolved
29 August 2012
Dear Sir/Madam,
Income for the F.Y.2010-2011(A.Y.2011-2012) are as under;
01.Total Income from Salary Rs.126150.00
02.Business Income Rs.71983.00
03.Payments of LIC Rs. 25500.00
What will the total tax liability and interest?
is penalty of Rs.5000/- will be chargeble if we file the return in the month of Sep'2012?
Income for the F.Y.2010-2011(A.Y.2011-2012) are as under;
01.Total Income from Salary Rs.126150.00
02.Business Income Rs.71983.00
03.Payments of LIC Rs. 25500.00
What will the total tax liability and interest?
is penalty of Rs.5000/- will be chargeble if we file the return in the month of Sep'2012?
Soumitra Basu
(Expert)
02 September 2012
You may file your return upto 31.03.2013.
No penalty is leviable under section 271F.
No penalty is leviable under section 271F.
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