banner_ad

Return filing for the financial year 2015-16 penlaty

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 March 2017 The income tax return for the financial year 2015-16 (relevant assessment year 2016-17) can be filed up to 31st march 2018. Is there any penalty provision is applicable, if return is not filed before 31st march 2017.
Profile Image

CA Shubhanshu Jain

Profile Image

CA Shubhanshu Jain (Expert)
16 March 2017 As such there is no penalty other than mentioned in section 271F according to which income tax officer may levy penalty of Rs. 5000 but this penalty is not levied in all cases basically this is at discretion of A.O.
In addition if return is deposit after due date interest under section 234A which is @1% is levied
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
16 March 2017 Thank you very much sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details