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Return 15-16

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(Querist)
28 July 2017 If I file income tax return of 15-16 with tax payable in current date I liable to pay penalty of Rs 5000.
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Amol S Joglekar

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Amol S Joglekar (Expert)
28 July 2017 Although penalty provision is there, income tax department as such is liberal enough NOT to charge the same till date.
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Jayaram Damodare

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Jayaram Damodare (Querist)
28 July 2017 if I file nil return then provision is same or penalty levied
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RAJA P M

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RAJA P M (Expert)
28 July 2017 If you file nil return then no more liability for you from ITD
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RAJA P M

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RAJA P M (Expert)
28 July 2017 You can file AY 16-17 and AY 17-18..... can't file AY 2015-16...
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