I would like to know that if some one wants to file ITR 4S for AY 2016-17 then what section should be select during return filling. The assessee is filling 1st return with NIL Tax, hence i would like to know that is it any penalty will impose on late filling of Return for AY 2016-17. Pls suggest
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Filling of itr 4s for ay 2016-17
Replies (1)
Select Section No. 139(4) for AY 2016-17.
Penalty U/S 271 (F) of Rs. 5,000/- can be levied at the discretion of A.O.
It is very rarely levied though.
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