Penalty on late filing of tax return
This query is : Resolved
10 August 2014
Hello All
Happy Rakhi
Sir
I have to file return for the asstt year 2013-14 today. Can I file it and is there any penalty for late filing even the gross total income is below taxable?
Kindly reply soon. I shall be obliged.
Regards
Sanjay
Happy Rakhi
Sir
I have to file return for the asstt year 2013-14 today. Can I file it and is there any penalty for late filing even the gross total income is below taxable?
Kindly reply soon. I shall be obliged.
Regards
Sanjay
10 August 2014
you can file till 31.3.2015 and ao may impose 5000 penalty
10 August 2014
Yes you can file belated return u/s 139 (4) upto 31.03.2015. Penalty u/s 271F (Maximum Rs 5000) not applicable for you since your Gross Total Income is below the exemption limit.
11 August 2014
if your income is below exemption limt then penalty of rs. 5000/- not imposed. you can file the return up to 31.3.2015
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