Penalty for nil tax payer
This query is : Resolved
06 September 2015
is threre any penalty for nil tax payer if he files his itr after due date?
06 September 2015
For AY 2015-16 you can file belated return u/s 139(4) upto 31.03.2016 without any penalty.
You can also file belated return upto 31.03.2017 but subject to a maximum penalty of Rs 5000/- u/s 271F.
You can also file belated return upto 31.03.2017 but subject to a maximum penalty of Rs 5000/- u/s 271F.
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