Return filling for f.y. 2012-2013

This query is : Resolved 

27 May 2014 Hi i want to know about late filling charges of ITR-1 for F.y. 2012-2013. If i file Return now.

27 May 2014 interest penalty under 234a

and penalty under 271F (Rs 5000)

28 May 2014 But total tax for f.y. 2012-2013 is 2730/-.

28 May 2014 Well penalty for delay is not mandatory but also not linked with the tax amount..

28 May 2014 I want to penalty can be more than tax amt.

28 May 2014 If my income is less than 5 lakh for f.y. 2012-2013, it is mandatory to file return.

28 May 2014 you are required to file tax return if it exceeds maximum exempted limit.

28 May 2014 maximum exempted limit means slab rate for assessees.


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