IT RETURN PENALTY

Penalty u/s 271(F) may be levied by the ITO if ITR filed after 31st March. If the ITR files after 31st July but before 31st March then ITR will be treated as belated return u/s 139(4) of the I T Act, 1961 and Assessee have to pay interest on tax u/s 234(A). Belated return can not be revised and loss can not be brought forward.

but the Jagdish Sir , the quesion of Sudhir Sir has not properly solved ?