Penalty under wealth tax for late filing of return

This query is : Resolved 

Guest (Querist) 16 November 2013

Dear all friends,
plz tell me what is the penalty under wealth tax act for late filing of return in FORM-BA????( is this penalty is similar like section 271F of income tax act Rs. 5000/-)

B.Chackrapani Warrier (Expert)
16 November 2013

No penalty is imposable for delay in furnishing the return of net wealth.

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