Itr 1 for ay 13-14 consequences ??

It can be filed now. if exempt income of him is more than Rs 5,000/- than file ITR 2. 

Late fee for filling is Rs 5,000/- but department hardly penalise Assessee.

Belated return can be filed at any time before the expiry of one year from the end of  relevant assessment year. For consequences go to following link

https://www.simpletaxindia.net/2013/07/penalty-on-late-filing-of-income-tax.H T M L

Dear Mitesh

Exempt inome of more than 5000 -couldnt understand..Please do illustrate 

Thank you

If you have invested your money in Providend fund or Shares of Dividend and any interet or Dividend received from it is exempted u/s 10. 

If total of all this is greater than Rs 5,000/- than you are required to file ITR 2

thank you . one more thing the employee got an exemption of Rs 9451 sec 10(14) for transport allowance ?it is to be considered in that 5000 exemption limit ??