Penalty for late itr filling
This query is : Resolved
05 August 2013
What is the rate of penalty for ITR late filling.
05 August 2013
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.
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.
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05 August 2013
For everyone.
I mean Individual/Company etc. is charged same amount of penalty
I mean Individual/Company etc. is charged same amount of penalty
05 August 2013
Yes this penalty applicable to all assessee.
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