Return 15-16
This query is : Open
Jayaram Damodare
(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.
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.
Jayaram Damodare
(Querist)
28 July 2017
if I file nil return then provision is same or penalty levied
28 July 2017
If you file nil return then no more liability for you from ITD
28 July 2017
You can file AY 16-17 and AY 17-18.....
can't file AY 2015-16...
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