Penalty u/s 139(1)
This query is : Resolved
26 March 2012
If i file a belated return of taxable income of assesment year 2010-2011 now u/s 139(4) , will i be liable for a fine of rs. 5000/- u/s 139(1)
26 March 2012
Last Date of Filing was 31-03-2011. Now it is up to the Assessing Officer.
26 March 2012
the fine is in 271(f).
as you filed after completion of A.Y. so 271(f) is applicable. fine of 5000/- will be applicable.
as you filed after completion of A.Y. so 271(f) is applicable. fine of 5000/- will be applicable.
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