Interest and Penalty for late filing of return

/forum/very-very-very-very-urgent-105814.asp

as partnership firm  has to claim refund ther is no penality except  there may be penality  u/s 271f  if return is filed after 31.03.2011. these days there is need to send the tax audit report alongwith itr . hence u have only to get the accounts audited before 30.09.2010 to avoid penality u/s271b.in this case u have done.