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.
Message likes :
1 times
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- SALARY CAN BE CAPITALIZE
- UDIN ISSUE
- TDS on purchase of under construction property from a reseller
- Non filing of I T Returns
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
