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Set off against late filing penalty

This query is : Resolved 
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15 September 2014 Can we claim excess credit of purchases against Late filing penalty of 231 form. OR we have to pay penalty Rs. 1000 for filing return.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
15 September 2014 there is no such provision and u need to pay penalty.
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