Return filling
This query is : Resolved
14 April 2014
If return for A.Y.2013-2014 is filed after 31.03.2014 & assessee having income of only 60,000/- on which TDS of 6000 is deducted. so whether penalty of 5000 for late filing is imposed or not?
bcoz assessee has income less than exemption limit even though penalty would be levied?
bcoz assessee has income less than exemption limit even though penalty would be levied?
Rupesh Jain
(Expert)
14 April 2014
PENALITY NOT LEVIED DUE TO YOUR INCOME IS BELOW EXEMPT LIMIT
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