Penalty for late payment of tax
This query is : Resolved
26 July 2013
What is the penalty for late payment of tax....and what is the penalty for late submission of return......
26 July 2013
For late payment of Tax you will have to pay interest u/s 234B, 234C.
Return for AY 2013-14 can be filed without penalty till 31.03.2014.
Return can be filed till 31.03.2015 but AO may levy a penalty of Rs 5000/- u/s 271F.
Return for AY 2013-14 can be filed without penalty till 31.03.2014.
Return can be filed till 31.03.2015 but AO may levy a penalty of Rs 5000/- u/s 271F.
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