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Return of income

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 April 2016 MY SELF ANKIT. I HAVE A INCOME OF RS 350000 FOR F.Y. 2014-15. NOW I WANT TO FILE THE RETURN FOR F.Y. 2014-15. IS THERE ANY PENALTY OR INTEREST LEVY ?

REGARDS
ANKIT
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
11 April 2016 if your net taxable income is below taxable limit after deduction then no penalty or if taxability then AO may levy Rs. 5000/- but now first file return by paying tax and interest.don't pay penalty wait for the assessment.
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