Penalty on delay filing of itr
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2015
if delay filing of ITR penalty will be levy Rs. five thousand even if return filed just after Due date in the case of all type of assessee.
28 June 2015
Penalty u/s 271F is attracted if the return is filed after the end of relevant assessment year. No penalty for belated return filed after due date. So return of AY 2015-16 can be filed upto 31.03.2016 without any penalty.
Levy of penalty is at the discretion of AO after giving assessee an reasonable opportunity of being heard.
Levy of penalty is at the discretion of AO after giving assessee an reasonable opportunity of being heard.
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