Return 139(4)
This query is : Resolved
Udit Mathur
(Querist)
20 December 2011
The income of PY 09-10, if filled on 20/11/2011 would it be attracting the penalty of Rs. 5000 ?
As it is filled after the due date 31july but after the end of one year from the assessment year ends but after the end of AY
Thank you
As it is filled after the due date 31july but after the end of one year from the assessment year ends but after the end of AY
Thank you
CA Ashwani Agarwal
(Expert)
20 December 2011
If the income is taxable... It will definitely attract penalty..
If the return is below taxable limit, then as you were under no compulsion to submit the return. Therefor no penalty.
If the return is below taxable limit, then as you were under no compulsion to submit the return. Therefor no penalty.
Message likes :
1 times
20 December 2011
agree with expert
Penalty u/s 271F of rs. 5000 is descretionery on the power of AO.
penalty is not mandatory it can be condone by AO if you have reasonable ground for delay in filling the return of income.
Penalty u/s 271F of rs. 5000 is descretionery on the power of AO.
penalty is not mandatory it can be condone by AO if you have reasonable ground for delay in filling the return of income.
Message likes :
1 times
Udit Mathur
(Querist)
20 December 2011
Thank You ! I learned a great thing thank you again
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- EPF ECR NEW RULES Sep 17th 2026
- Accounting treatment of AMC alongwith the purchase of Laptop
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
